Trump’s Fed Chair Nomination
President Trump has the authority to nominate Jerome Powell’s successor when his term ends in May. Powell has so far resisted Trump's requests for significant interest rate cuts.
Kevin Hassett’s Stance on Interest Rates
Kevin Hassett, a leading candidate for Fed chair, supports reducing interest rates. His approach contrasts with Powell's more cautious stance.
"Kevin Hassett is a fan of cutting interest rates," highlighting a potential shift in Federal Reserve policy.
This could signal a major shift in monetary policy with a new Fed chair more inclined toward lowering rates to stimulate economic growth.
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