Summary
- President Donald Trump said he will soon announce the next Fed chair.
- Markets say Kevin Hassett, chairman of the White House National Economic Council, is likely to be the next Fed chair.
- Hassett said he would be willing to accept the Fed chair position if offered.
U.S. President Donald Trump said he will soon announce the next chair of the Federal Reserve (Fed).
On the 1st (local time), according to Walter Bloomberg, Trump said, "I have already decided who to appoint as Fed chair," and "I will announce it soon." However, he did not mention the specific timing of the announcement.
In the market, the most likely candidate for the next Fed chair is Kevin Hassett, chairman of the White House National Economic Council. Earlier on the 26th of last month, Bloomberg reported, citing sources, that President Trump would place Hassett, a close aide he knows well and trusts, as Fed chair.
Hassett also said in an interview with Fox News that he would accept the Fed chair position if offered.
Suehyeon Lee
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