The next Federal Reserve chairman will face extreme stress tests; difficulty in cutting interest rates could provoke dissatisfaction from Trump.
2025-12-05 12:47
Odaily Planet Daily reports that Trump's push for policies that could exacerbate inflation, while simultaneously pressuring the Fed to declare victory over soaring prices, is further escalating tensions surrounding the potential successor to Federal Reserve Chairman Powell. The mission of the next Fed chairman is increasingly precarious, and whoever takes the helm will struggle to manage these tensions. Even Kevin Hassett, Trump's longtime advisor and currently considered the frontrunner, faces extreme stress if he is appointed. A more difficult path to interest rate cuts in the near term could provoke Trump's displeasure. (Jinshi)
