{"id":122733,"date":"2026-01-16T23:16:43","date_gmt":"2026-01-16T19:16:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=122733"},"modified":"2026-01-16T23:19:01","modified_gmt":"2026-01-16T19:19:01","slug":"trumps-reluctance-shakes-up-the-fed-chair-race","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/trumps-reluctance-shakes-up-the-fed-chair-race\/01\/16\/market-updates\/","title":{"rendered":"Trump\u2019s Reluctance Shakes Up the Fed Chair Race"},"content":{"rendered":"\n<p>President <strong>Donald Trump<\/strong> signaled fresh uncertainty over the future leadership of the Federal Reserve after expressing reluctance to nominate <strong>Kevin Hassett<\/strong> as the next central bank chair, a move that could significantly reshape the succession race.<br><br>Speaking Friday, <strong>Trump<\/strong> suggested that keeping <strong>Hassett<\/strong> in his current role as head of the White House National Economic Council may be more valuable to the administration than moving him to the Federal Reserve. He emphasized that Hassett has been one of the administration\u2019s most influential and effective voices on economic policy, hinting that losing him from the White House could weaken its messaging at a critical time.<br><br><br><strong>White House Priorities vs. Central Bank Succession<br><\/strong><br>Hassett has long been viewed as a leading contender to replace current Fed Chair <strong>Jerome Powell<\/strong>, whose term is approaching its end. Trump\u2019s remarks, however, cast doubt on whether Hassett will ultimately be tapped for the role, underscoring the tension between maintaining a strong in-house economic team and installing a trusted figure at the central bank.<br><br>By signaling that Hassett may stay put, Trump effectively altered expectations around the Fed chair search, which has already drawn intense political and market attention. The Federal Reserve\u2019s independence, policy direction, and leadership style remain closely watched as the administration weighs its options.<br><br><br><strong>A Clearer Path for Other Contenders<br><\/strong><br>Trump\u2019s hesitation could open the door for other candidates to gain momentum. Among those seen as benefiting from the shift is former Federal Reserve governor Kevin Warsh, who has previously been mentioned as a potential successor. With Hassett\u2019s prospects now less certain, the field may narrow or reorganize more quickly than anticipated.<br><br><br><strong>Markets Watch Closely<br><\/strong><br>The evolving dynamics highlight how political considerations are increasingly intersecting with the traditionally technocratic process of selecting a Fed chair. Investors and policymakers alike are closely monitoring the signals coming from the White House, aware that the final decision will have lasting implications for monetary policy, market confidence, and the broader economic outlook.<br><br>For now, Trump\u2019s comments suggest that the race for the Federal Reserve\u2019s top job remains wide open\u2014and far from settled.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump signaled fresh uncertainty over the future leadership of the Federal Reserve after expressing reluctance to nominate Kevin Hassett as the next central bank chair, a move that could significantly reshape the succession race.Speaking Friday, Trump suggested that keeping Hassett in his current role as head of the White House National Economic Council &hellip;<\/p>\n","protected":false},"author":13,"featured_media":31517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[6885,11292,7163,6897],"class_list":["post-122733","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates","tag-fed","tag-hassett","tag-jerome-powell","tag-trump"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/122733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=122733"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/122733\/revisions"}],"predecessor-version":[{"id":122741,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/122733\/revisions\/122741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31517"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=122733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=122733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=122733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}