Replace Jerome Powell: Kevin Warsh, Kevin Hassett, Cris Waller

The brief menu became narrower as the schedule for the nomination announcement approaches. Last month, the president said he would confirm his decision “Very soon”, “ It is likely to be in an attempt to turn attention to the upcoming Federal Reserve Chairman and away from Powell.

This week, Trump brought down other crumbs to the spectators: Treasury Secretary Scott Beesen will not move to the Federal Reserve.

Bessent’s name was a circulating role with the permission of his background and close relationship with the president. But yesterday Trump CNBC said: “I love Scott, but he wants to stay in his place. I just asked him last night,” Is this something you want? (Pisent said), “No, I want to stay where I am. This is an honor.

Bessent was clear that he wanted to stay in the cabinet, but he would go to where the president asked him, Saying earlier This year he had a “best job” in Washington and “wants to stay in my seat until 2029.”

With Bessnt itself removing the dispute, Trump has now confirmed that four names are considering as potential wallpapers for the leadership of the Federal Open Market Committee. The Oval Office has also explained at least one of the criteria: the next Federal Reserve Chairman should be more willing to reduce prices.

Option 1: Kevin Warb

Former member of the Governor at the Federal Reserve, Warsh was seen as a pioneer of the Federal Reserve Chairman since President Trump took office. Warsh worked on the Board of Directors from 2006 to 2011, as it works as an administrative ruler who runs and supervises the operations of the group, employees and financial performance.

Trump has already spoke warm Warsh, and he told the first air force journalists last month that Warb was “thinking very much.”

Workshops, a visiting economist at the Hoover Institute and a lecturer at the College of Business for Business in Stanford, is optimistic about the American economy and supports the calls that Trump 2.0 can make in a golden age of the nation.

The White House may also like some criticisms that are equivalent to the current federal reserve thinking. Rib CNBC said A few weeks ago, if the president, the main concern will be the federal reserve that does not recognize the aspects of economic data.

“What I will feel anxious is the central bank that does not see any of this. The central bank is stuck with models from 1978, governance from a previous period, and (no) realizes that we can be at the front end of the productivity of the productivity,” Warsh said. “If you are president, I will be concerned that (Federal Reserve) may not see this and you may think that economic growth will be to some extent inflation.”

For many years, Warch also called for “changing the system” at the Federal Reserve Bank, and argued: “It is not only a person, but it is about the economy … I am upset when I see them moving the goals of the goals. It is very confusing for me, how you can think that we should do it last September, and now, you are just like a ray. Goals like this.”

It is possible that it is a sign against the name of Warsh is that it has some Falcon properties– Those who will keep the basic price higher in order to maintain low inflation. In conversation with Hoover Institute earlier this monthFor example, setting price stability at the heart of FED credibility.

To this end, I wrote in a note of customers this morning, “Warsh stands out as the most suitable candidate for the dollar at this stage … We can see support for the dollar on his nomination.”

Option 2: Kevin Haseet

Trump revealed that workshops are not even Kevin’s only dispute. He said yesterday, “No Kevins are very good, and there are very good people too,” he said yesterday.

Kevin Haysit, who was currently leading the director of the National Economic Council, is at the forefront of the director of the National Economic Council. per The prediction market is like ShiHassett is priced with a 41 % opportunity to win the filtration, while Warsh sits by 29 %.

Hasit has been a personality of an integral part of Trump 2.0 yet, and supporting everything from commercial deals under the new tariff system to talking to members of the House of Representatives on major legislation such as “One large and beautiful invoice law”.

This fact may prove that it is the reason that Trump may move away from Haysit’s nomination: it may raise questions about the independence of the federal reserve.

Despite the desire for a friendly face at the head of FOMC, the White House will be aware of the fact that the independence of the central bank is an essential force for the economy. Trump has already learned in the difficult way how the markets interact with the threats against this independence, after he was forced to retract a threat to the launch of Powell and the fixed markets.

Transparency and independence issues were excluded during the past week after President Trump, head of the Bls Statistics Office (BLS), refused in the wake of a surprise and great reviews of work data reports. He was asked how to address such criticisms“I am an economist, I am not a politician. But when politicians look at the numbers that make them wonder, this indicates that there should be more transparency,” Hasit said.

In a note overnight, Goldman Sachs suggested that he meet more hints about the next president could come in an alternative form of the Federal Reserve Governor Adriana Kogler, who resigned last week. Jean -Hatzius, Jean Hatzius, wrote: “If it is confirmed very quickly, the new ruler may be able to participate in the FOMC meeting from September 16 to 17. This support will add more price discounts after opponents last week in favor of discounts from the ruler, wire and vice president of the association.

“The option is particularly important because the new ruler can lead FOMC from President Powell.”

Option 3: Christopher Waller

The ruler and wire was a nomination for President Trump in 2020, in a state of state in 2030, on the occasion of the ongoing on the occasion of a individual who had notice and respect for the current White House.

But in recent months, Waller has raised the eyebrows as the potential test of the role of the Federal Reserve Chairman. It is worth noting that he was one of the members who opposed the recent FOMC decision not to reduce the basic price of its current level of 4.25 to 4.5 %.

Paul Donovan from UBS wrote late last week: “Investors must doubt that the logical basis is a little more than jumping up and down and screaming” Choose me, choose me “in the general direction of the White House.”

Pressure Waller to reduce average time, and suggest that he wants to see a faster shift when this procedure occurs. However, these economists have pushed to ask whether the governor was a real defender of the reduction, or is it Seeking to call publicly to the president for this role.

Jeremy Siegel, a professor of honorary financing at Warton College at the University of Pennsylvania, also wrote. For Wisdomtree,, Where he is a great economist, last month: “Chris Waller argued … in reducing the possible July prices. Is it a test to be a Powell alternative? I agree with Walir, we are much higher than the neutral rate with a tariff tariff.

Option 4: The relative extremist values

Elsewhere, President Trump can look forward to FOMC member Michelle Bowman as a possible candidate, as she also opposed the Federal Reserve decision to keep rates.

Bowman, Vice -President of Supervision at the Federal Reserve, justified her position with: “inflation has approached our goal, after excluding temporary effects of customs tariffs, and the labor market remains near full employment. With the slowdown of economic growth this year and signs of the lowest dynamic labor market, I saw this appropriate to gradually start to transfer the moderate policy policy gradually.”

“In my opinion, this measure was proactive against weakening more economics and the risk of damage to the labor market.”

On a wider scale, the name of the economist Judy Shelton was floated. After all, Shelton was Trump Trump to the Federal Reserve during his first term, but he did not receive Congress support to reach the council.

At that time, many have expressed concern about the extent to which the economic analysis of Cilton with the President – including It calls for a greater reduction than expected to prices– He wondered The extent of its appreciation for the independence of the central bank.

Since then, Shelton has pressed the target of inflation (currently appointed to 2 %) to be Decrease In order to “make life less complicated for all of us who have to use the dollar and constantly express things in terms of modified inflation.”