Who will replace Jerome Powell? – THESE names are in the lead
Main Idea
Former President Trump is considering legal action against Federal Reserve Chair Jerome Powell, while speculation grows about potential successors for the Fed Chair position, with Chris Waller emerging as a leading candidate.
Key Points
1. Trump is reportedly considering suing Federal Reserve Chair Jerome Powell, as revealed by White House Press Secretary Karoline.
2. Potential candidates to replace Powell include Rick Rieder, David Zervos, Larry Lindsey, Michelle Bowman, Chris Waller, and others.
3. Market sentiment, including Polymarket data, suggests Fed Governor Chris Waller is the leading candidate with a 27.5% chance of becoming the next Fed Chair.
4. The Federal Reserve recently kept interest rates steady at 4.25-4.5%, aligning with expectations.
5. Trump has not yet announced a new Fed Chair, and the selection process remains ongoing.
Description
Trump considers suing Fed Chair Powell as debate over succession and interest rates intensifies across markets.
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