Last night, Trump mentioned that the Federal Reserve Chair will be selected early next year, and while introducing potential candidate Kevin Hassett, he stated that the future Fed Chair is right here.
This can be understood as his choice being pretty much set in stone, which also dispels the rumors of Powell resigning early.
Currently, the prediction market puts his probability at 86%, and the market has started to price in expectations of his appointment in advance!
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Last night, Trump mentioned that the Federal Reserve Chair will be selected early next year, and while introducing potential candidate Kevin Hassett, he stated that the future Fed Chair is right here.
This can be understood as his choice being pretty much set in stone, which also dispels the rumors of Powell resigning early.
Currently, the prediction market puts his probability at 86%, and the market has started to price in expectations of his appointment in advance!