Summary
President Trump announced he has decided who will be the next chair of the Federal Reserve. However, he did not confirm whether the pick is Kevin Hassett. Current Fed Chair Jerome Powell's term ends in May, and Trump has expressed a desire for lower interest rates.
Key Facts
- President Trump has chosen someone to nominate as the next chair of the Federal Reserve.
- Trump did not confirm if Kevin Hassett is his choice.
- Jerome Powell, the current Fed Chair, has had disagreements with Trump over interest rates.
- Powell's term as Fed Chair expires in May.
- Kevin Hassett stated that markets reacted well to the news that a decision is close.
- Interest rates have decreased, and a recent treasury auction was successful.
- Hassett mentioned he would be willing to serve if chosen by Trump.
