Kevin Warsh and Kevin Hassett are both 'reasonably good choices' for the next Fed chair: Mark Zandi

Group 1 - The selection of economists for key positions is seen as reasonable, with both candidates having experience from the financial crisis, which is crucial for their roles [1][2] - The challenge lies in balancing Federal Reserve independence with presidential influence, which could complicate decision-making [2] - The bond market is expected to play a decisive role in interest rate decisions, and any aggressive moves to lower short-term rates could lead to adverse reactions from the market [3][5] Group 2 - There is anticipation of significant volatility in upcoming job reports due to external factors like the government shutdown, which may lead to unexpected data outcomes [6] - The underlying trend suggests that the economy may not be creating jobs, with indications that current job numbers could be overstated, hinting at potential job losses [7] - The rising unemployment rate amidst stable labor supply indicates a fragile economic situation, contradicting claims of resilience in the job market [8]