Trump’s Reluctance Reconfigures Hassett Fed Chair Prospects
TL;DR
President Donald Trump signaled reluctance to nominate Kevin Hassett as Fed chair, saying he’d rather keep Hassett in his current White House role, a stance that could reshape the race to succeed Powell and boost former Fed Governor Kevin Warsh; analysts say the comments complicate a Senate-confirmation process already strained by a DOJ probe into the Fed, while markets moved on the news as the administration weighs candidates who can win confirmation and align with Trump’s policy goals.
- Trump Voices Reluctance at Nominating Hassett as Fed Chair Bloomberg.com
- ‘DEAD’: Hassett’s Fed chair bid thrown into doubt Politico
- Trump Praises Hassett, but Casts Doubt on Making Him Fed Chair The New York Times
- Wall Street ends little changed before long weekend Reuters
- S&P 500 closes little changed Friday, posts weekly loss amid raft of Trump comments: Live updates CNBC
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