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Open original source ↗We were told last week (we have been saying since Thanksgiving) that the decision on the Fed chair has been made and will be announced shortly.
Bessent headlines from this morning
My take ... they are stuck, not sure what to do. Sounds like no announcement anytime soon.
They might have to hold their nose, pick one, and immediately threaten them with getting fired or indicted if they waver from Trump's desire to cut the federal funds rate to 1%.
*BESSENT: SPOKE WITH TRUMP ON FED CHAIR ON PLANE BACK FROM IOWA
*BESSENT: HAD LONG DISCUSSION ON PLANE WITH TRUMP ON FED CHAIR
*BESSENT: HAVEN'T NARROWED DOWN OR EXPANDED POOL FOR FED CHAIR
*BESSENT: HAVE 4 GREAT CANDIDATES FOR FED CHAIR
*BESSENT: I DON'T MAKE CHAIR RECOMMENDATION, JUST GIVE OPTIONS
@MarkHalperin
Quoted context
These are the quoted author’s words.
Updating on the betting for who will be the next Fed chair. While Rick Rieder is leading, no one is trading above 50%. So, no strong conviction. Summing up the four finalists equals 89.2%. Or, as the bottom panel shows, 10.8% that it will be someone else (explained below). https://t.co/ciBMo0KnF2
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