President Trump hinted he may still fire Federal Reserve Chair Jerome Powell. This occurred Monday at his Mar-a-Lago resort in Florida. He also stated he has a preferred candidate for the next Fed chair.
Trump said he'd love to fire Powell. He added an announcement on the new chair would come in January. He did not name his leading candidate.
The market response remains to be seen. Experts are analyzing the potential economic impact. Such a move could destabilize financial markets.
Kevin Hassett is considered a frontrunner for the Fed chair position. Other potential candidates include Kevin Warsh, Christopher Waller, Michelle Bowman, and Rick Rieder. Trump's comments add uncertainty to the Fed's future leadership.
The White House is expected to release further information in January. The financial world awaits Trump's decision.
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