The race for the next Fed chair: Here's the latest

Federal Reserve Leadership - The president was considering Hasset and former Federal Reserve Governor Worsh to run the Fed [1] - There was speculation and pushback regarding Hasset's potential nomination, with concerns about his close ties to the president [5] - Chris Waller is considered a strong candidate by some due to his knowledge of monetary policy [5] Market Reaction - Poly Market showed Hasset surging as a potential candidate [3] - The 10-year yield increased approximately 20 basis points when Hasset seemed likely to be chosen [6] - Yields went down after the president mentioned Hasset on Air Force One [7] Fed Communication and Independence - The Treasury Secretary and the Fed chair may discuss the economy and inflation outlook, but it's uncertain if they discuss interest rates directly [12] - Some Fed chairs believe it's inappropriate to discuss interest rates with the administration or even meet with the president [13] - Powell waited for an invitation to meet with the president and they apparently did not discuss interest rates [14]