Fed Chair Race: Hassett, Warsh, Waller, Rieder

The race for the next Federal Reserve chair is intensifying, with Kevin Hassett, Kevin Warsh, and Christopher Waller leading the pack. Hassett, a White House advisor, and Warsh, a private sector and Fed veteran, are favored due to their close ties with President Trump and shared economic views. Waller, a current Fed board member, gains attention for his dissents from the Feds wait-and-see approach. Rick Rieder, a BlackRock CIO, is an outsider, despite his impressive career, due to his lower odds and less vocal criticism of the Fed. The selections implications for the economy and financial markets are significant, with investors closely monitoring the process to ensure the central banks independence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.