Core Insights - President Donald Trump is expected to announce a new Federal Reserve Chair before Christmas, as Jerome Powell's term expires in May [1][6] - Trump aims to appoint a candidate who is willing to lower the federal funds rate, indicating a shift in monetary policy direction [2][3] Candidate Considerations - Five candidates are under consideration for the Fed Chair position: Fed Governors Michelle Bowman and Christopher Waller, former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and BlackRock director Rick Rieder [2][6] - Trump's previous criticisms of Powell include accusations of maintaining excessively high interest rates, which he believes hinder economic growth [3][6] Economic Implications - The Federal Open Market Committee, which consists of 12 members, votes on interest rates, but the Chair plays a crucial role in setting the agenda and influencing monetary policy decisions [3] - The federal funds rate impacts borrowing costs across various loans, and the Fed's dual mandate focuses on maintaining low inflation and high employment [4]

Personnel Decisions - The president is likely to announce a decision before Christmas [2] - The decision timing is at the president's discretion, potentially before the Christmas holidays or in the New Year [2] - Kevin Walsh and Kevin Hasset are considered front runners [1] Interview Process - One interview remains to be conducted [2] - It is not prudent to give hints before the interview process is complete [2]

Monetary Policy - Treasury Secretary Scott Bessent indicated a focus on simplifying the US Federal Reserve's money market management [1] - The US central bank has become too complex in how it manages money markets [1]

From the Desk of Anthony Pompliano0:00 The Federal Reserve Is In Crisis9:09 The Poverty Line Should Be At $130,000?14:18 Will Bitcoin’s Drawdown Get Worse?Enjoy! https://t.co/bODc1RW9Ew ...

RT Anthony Pompliano 🌪 (@APompliano)There is major dissent happening inside the Federal Reserve right now.I break down what is happening in my letter to investors this morning.Subscribe here to get it in your inbox: https://t.co/29uk453LoP ...

the comments from Susan Collins over the weekend. What impact do you see those having on the markets today. Obviously, we see the S&P and the NASDAQ futures in the green, at least right now, >> right.Well, we do think we're going to continue to see volatility this week like we saw last week um as investors digest the risk and the opportunities of what the Fed is going to do. And we're seeing crossurrens in the Fed as we have been seeing driven both by the lack of government data and where we stand right now ...

There is major dissent happening inside the Federal Reserve right now.I break down what is happening in my letter to investors this morning.Subscribe here to get it in your inbox: https://t.co/29uk453LoP ...

Governor, I was with the president this week in the Oval Office and I asked him about the Fed interviews. He says lots of names. We may go the standard way.Quote, "It's nice every once in a while to go politically correct. Out of the names that we know that are being interviewed, who is politically correct?" >> Uh, you know, I don't really know the answer. >> Well, you you worked for the president, so you understand how his mind works. Do you think it means someone that is currently on the board like a Gove ...

The Fed’s Fine Line to Walk https://t.co/pNFHDtBRvc ...

Gold was steady after a mixed US jobs report that offered little fresh incentive for the Federal Reserve to cut interest rates https://t.co/SgPu7gMUvL ...