CNBC SURVEY: THE MARKET OPPOSES HASSETT AS NEXT FED CHAIR
CNBC reports that while 84% of respondents believe Trump will nominate Kevin Hassett, only 11% assess him as suitable to lead the Federal Reserve.
Meanwhile, Christopher Waller is the most strongly supported with 47%, followed by Kevin Warsh at 23%, but the likelihood of Trump choosing these two candidates is only about 5%.
The main concern of the market revolves around whether Hassett can uphold the Fed's dual mandate and maintain independence under political pressure.
Notably, 76% believe that the next Fed chair will be more dovish than Powell and 51% think that this person will prioritize rate cuts at the request of the President.
Will a “less independent” Fed create more volatility in financial and crypto markets in the upcoming period?
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