Trump's Fed Chair Pick: Hassett Favorite, Market Reaction

President Trumps impending Federal Reserve chair announcement has Kevin Hassett as the front-runner, with prediction markets favoring him. Hassett, if chosen, would likely focus on cheaper car loans and easier mortgage access. The Fed faces internal division on monetary policy, with some advocating for rate cuts to prevent labor market issues, while others worry about inflation. The next rate decision on December 19th has an 87.6% chance of a cut. Treasury Secretary Scott Bessent, leading the search, believes the Feds mission needs simplification, particularly regarding regional presidents roles.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.