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"Slop" is one of the great coinages of the past few years. Kudos @simonw. (You should all follow his work if you don't.)
"Slop" is one of the great coinages of the past few years. Kudos @simonw. (You should all follow his work if you don't.)
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WhoIsNextFedChair
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Who will Trump Nominate as Next Fed Chair ⁉️ U.S. Treasury Secretary Scott Bessent has said Trump may announce his choice as early as next week, indicating the process is near the finish line after months of consideration and screenings of candidates. Early Favorites and Shifting Odds Prediction markets and analysts currently point to Kevin Warsh, a former Federal Reserve governor, as the front-runner to replace Jerome Powell. Warsh has longstanding Fed experience and is seen as a candidate who could win Senate support. Kevin Hassett’s Prospects Dimming The White House economic adviser Kevin Hassett had been a top contender, but Trump has signaled he prefers to keep Hassett in the White House, complicating his nomination to the Fed chair role. That has reduced his odds relative to other candidates. Other Potential Picks Still in the Mix The final shortlist reportedly also includes: Christopher Waller, current Fed governor with policy experience Rick Rieder, BlackRock’s chief investment officer (and previously mentioned) Kevin Hassett These figures reflect a range of backgrounds from central banking to markets, but no single name has yet been formally selected. Broader Context Trump’s search has been described as a hunt for an “elusive unicorn” because of political tensions between the White House, the Fed, and lawmakers over central bank independence and interest-rate policy. At the moment, Warsh appears to be the most likely nominee, but nothing is official yet. Trump’s administration has pushed back on nominating Hassett, and the final decision may pivot on who can clear the Senate confirmation process while still aligning with the president’s goal of a more rate-friendly Fed. Expect an official announcement soon. $RIVER $BTC $ETH #WhoIsNextFedChair
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