Trump signals Kevin Hassett as top pick to replace Powell, markets brace for shift

Core Viewpoint - President Donald Trump indicated that National Economic Council Director Kevin Hassett is the leading candidate to succeed Jerome Powell as chair of the Federal Reserve, which has heightened market attention on the future direction of interest rates [1] Summary by Relevant Categories Federal Reserve Leadership - Kevin Hassett is identified as the favorite to replace Jerome Powell as chair of the Federal Reserve [1] Market Implications - The potential change in leadership at the Federal Reserve is sharpening market focus on the central bank's future path for interest rates [1]