Investing.com - U.S. President Donald Trump plans to begin his final round of interviews with candidates for the position of Chairman of the Federal Reserve in the coming days, according to the Wall Street Journal on Tuesday.
Trump and some of his aides will conduct an interview with former Federal Reserve Governor Kevin Warsh on Wednesday, according to a Wall Street Journal report, citing senior administration officials. Other candidates, including National Economic Council Director Kevin Hassett, will meet with the president in the coming days.
But meetings can be canceled or postponed, according to a Wall Street Journal report, as the president continues deliberations about the next Federal Reserve chair.
The markets have recently favored that Hasit will be the successor to Federal Reserve Chairman Jerome Powell, as he largely shares Trump's view on lowering interest rates.
The Polymarket prediction market shows that speculators estimate a 73% chance of Trump's nomination of Hasit as the next Federal Reserve chair. Powell's term ends in May 2026.
Powell is scheduled to announce a 25 basis point rate cut at the conclusion of the Federal Reserve meeting on Wednesday, with full attention focused on the central bank's forecasts for the coming year. Analysts have warned that the Federal Reserve may take a hawkish tone during its final meeting of the year.
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