Trump "Here is the next Fed chair"…Kevin Hassett emerges

JH Kim

Summary

President Trump directly mentioned Kevin Hassett, chairman of the National Economic Council, as a Fed chair candidate.
This remark is interpreted as a sign that the Fed chair selection is imminent, and that the impact on financial markets is expected to grow.
President Trump, expressing dissatisfaction with the Fed's interest rate policy, announced plans to replace the Fed chair in early next year.

U.S. President Donald Trump, at a White House meeting, introduced Kevin Hassett (Kevin Hassett), chairman of the National Economic Council (NEC), and said, "Here is the candidate for the next Federal Reserve (Fed) chair." On the 2nd (local time), according to the economic breaking-news channel Walter Bloomberg, President Trump continued his remarks about the Fed chair selection in public.

At the meeting, President Trump directly mentioned the possibility of 'the next Fed chair' while introducing Chairman Hassett. With President Trump again revealing his intention to replace the head of the Fed, there are also views that the debate over the independence of monetary policy could be reignited.

Chairman Hassett is a key economic aide in the Trump administration who has been at the forefront of policy messaging. This remark is interpreted as a sign that the Fed chair selection is imminent, and the impact that discussions over the next selection will have on financial markets is expected to grow.

Earlier, President Trump had criticized the Fed's interest rate levels and expressed dissatisfaction with the direction of monetary policy. He also said he plans to nominate a new Fed chair in early next year.