🇺🇸 Trump’s Fed Chair Race: The Battle for Big Rate Cuts!
Trump is finalizing his nominee for the next Federal Reserve Chair, with one clear demand: "Substantial Interest Rate Cuts."
🔍 The Final 4 Candidates:
Kevin Hassett: Former advisor; says inflation data is "explosively good."
Kevin Warsh: Former Fed Governor; known for a dovish stance.
Christopher Waller: Current Fed Governor; Trump called him "great," but Waller favors gradual cuts.
Rick Rieder: BlackRock Executive; set for a year-end interview.
📉 Why it Matters?
Trump wants to lower the current 3.5%–3.75% range aggressively to reduce mortgage pressures. While Nov CPI rose 2.7%, Fed officials like Williams and Waller remain cautious, preferring to wait for more data before rushing into action.
⚖️ Summary
The market is now waiting for the "White House Signal." The choice of Chair will define monetary policy for 2026.
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