提前干预决策！特朗普年底“定人”，“美联储新主席”很可能参加明年3月和4月的利率决议

Core Points - President Trump is accelerating the selection process for the next Federal Reserve Chair, aiming to finalize the choice by the end of this year, which is significantly earlier than usual [2] - The five final candidates include current Fed governors Christopher Waller and Michelle Bowman, White House NEC Director Kevin Hassett, former Fed governor Kevin Warsh, and BlackRock executive Rick Rieder, with Hassett and Warsh seen as frontrunners [4][5] - The new chair is expected to influence monetary policy decisions before officially taking office in mid-May, as they may participate in the March and April rate-setting meetings [3][6] Candidate Details - The final five candidates confirmed by Treasury Secretary Mnuchin include Waller and Bowman, both nominated by Trump, along with Hassett, Warsh, and Rieder [4] - Hassett and Warsh are noted for their close relationships with Trump, which is considered a key factor in their candidacy [4] - Rieder has made a strong impression on Mnuchin during their meetings, adding to his candidacy [4] Implications of Early Appointment - Historically, new Fed chairs are announced three to four months before the current chair's term ends, allowing the incoming chair to shape investor expectations regarding interest rates [6] - The arrangement allows the new chair to vote on monetary policy decisions before their official term begins, providing a structured way to influence policy direction [7] - However, an early announcement may create challenges for the successor, as they could face pressure to either challenge decisions made by their future colleagues or defend the Fed's actions, potentially causing tension with Trump [7]