We have a Fox News alert. President Trump is suing the IRS now for $10 billion for allegedly leaking his tax returns. And moments ago on the red carpet from the premiere of Melania's new movie, he dropped this bombshell.>> Dave, will you be announcing your Fed chair pick next week. >> Uh, tomorrow morning. >> Tomorrow morning.>> And do you know tomorrow. >> I do. >> Otherwise, I'll have to go to work very quickly.No, I'll be announcing the Fed chair tomorrow morning. >> Wow. More on all of that in moments. ...

The race for Fed chair looks to be entering its final phase. Said this a few or does it because now we're back to four or five again. >> It's four. >> You missed you missed the dropping of the one when you were out. >> No, but I was reading it this morning that both Kevins are back in. Waller's in and readers, right? Okay. I saw that. Senior economics reporter Steve Leeman joins us with the details. Hey Steve. Uh Joe, President Trump's extended search for the next Fed chair reaching the endgame with a flurr ...

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]

Core Viewpoint - Kevin Hassett, President Donald Trump's top economic adviser, has dismissed concerns regarding his potential role as the next Federal Reserve chair, asserting that he would not merely push Trump's agenda [1] Group 1 - Hassett's potential appointment as Fed chair raises questions about independence from political influence [1] - He emphasizes that his focus would be on economic stability rather than political objectives [1] - The discussion reflects broader concerns about the Federal Reserve's autonomy in the face of political pressures [1]

Core Viewpoint - President Trump is considering either Warsh or Kevin Hassett as potential successors to current Fed chair Jerome Powell [1] Group 1 - The decision on the new Fed chair is significant for monetary policy direction [1] - Warsh and Hassett are both prominent figures with different backgrounds and perspectives on economic issues [1]

Core Viewpoint - Prediction markets indicate a nearly 80% probability of Hassett, a prominent economist from the Trump administration, being appointed as the next Federal Reserve chief [1] Group 1 - The prediction markets reflect significant confidence in Hassett's potential nomination [1] - The nearly 80% chance suggests strong market sentiment regarding his qualifications and suitability for the role [1]