The Journal. Who Will Be the Next Fed Chair? Maybe Kevin
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Jul 10, 2025 
Nick Timiraos, a Federal Reserve expert from The Wall Street Journal, discusses the intriguing race for the Fed Chair position between two Kevins: Hassett and Warsh. He delves into President Trump's fraught history with Jerome Powell and what qualities he seeks in a successor. The conversation also highlights how political pressures affect monetary policy and the tension surrounding economic strategies. With stakes high, Timiraos sheds light on the potential implications for financial stability and market confidence.
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Trump's Fed Chair Criteria
- Trump's search for a new Fed Chair emphasizes loyalty and TV appeal.
- However, the appointee also must be credible to financial markets, a difficult balance.
Trump's Fed Approval to Frustration
- Trump initially approved Powell's pandemic-era interest rate cuts.
- Later, Trump's frustration grew as inflation rose and the Fed resisted further rate cuts.
Uncertainty Around Firing Powell
- It's unclear if a president can legally fire a Fed chair before term ends.
- Trump's threats to fire Powell caused market uncertainty and later retraction.