Core Viewpoint - President Trump has decided on the next Federal Reserve Chair, with expectations for the new appointee to advocate for interest rate cuts, leading to a positive market reaction, including a drop in the 10-year Treasury yield below 4% [1][5]. Group 1: Market Reaction - The announcement of a new Fed Chair candidate has resulted in a strong performance in U.S. Treasury auctions and a decrease in interest rates, indicating that the public can expect lower auto loans and mortgage rates [3]. - Kevin Hassett, the White House National Economic Council Director, noted that the market's response to the upcoming announcement was "very positive" [1][6]. Group 2: Potential Candidates - Kevin Hassett is viewed as a leading candidate to replace Jerome Powell, with a 66% probability of being nominated according to Polymarket predictions [1]. - Other potential candidates include Federal Reserve Governors Christopher Waller and Michelle Bowman, former Fed Governor Kevin Warsh, and BlackRock's Rick Rieder, although Treasury Secretary Mnuchin has ruled himself out [7]. Group 3: Nomination Process - The nomination is expected to be announced before the Christmas holiday, with Powell's term ending in May of the following year [3][7]. - Any nominee will require Senate confirmation, and if the candidate is from outside the Fed, they may also need to be confirmed for a 14-year term starting in February [7].
特朗普称“已决定新美联储主席人选”,哈塞特“市场对新主席消息的反应非常非常积极”
Hua Er Jie Jian Wen·2025-12-01 00:22