Trump continues to criticize the central bank without effecting changes to interest rates or Powell's strategy. He is eagerly awaiting Powell's term expiration and has suggested possible replacements, including Kevin Hassett and Kevin Warsh. Recent reports have caused fluctuations in prediction markets regarding these possible nominees. Christopher Waller, initially overshadowed by praise for 'the Two Kevins', saw his prospects improve after Bloomberg News identified him as a leading candidate. Kevin Hassett has an extensive background advising Republican nominees on economic policy and previously led Trump's Council of Economic Advisors.
Trump's criticisms haven't swayed the central bank, and he is anticipating the end of Powell's term, with a shortlist of Replacement candidates in mind.
Prediction markets fluctuated based on reports of potential candidates to replace Powell, including Kevin Hassett and Kevin Warsh.
Christopher Waller's candidacy gained traction as a favored choice for the Fed, though early praise for 'the Two Kevins' initially dampened his prospects.
Kevin Hassett previously advised Republican presidential nominees on economic policy and served as director of the president's Council of Economic Advisors.
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