"Kevin Hassett (36%) has the closest relationship to the president among the finalists, a key reason oddsmakers put him on top. He served in top White House roles in both the previous and current Trump terms, and worked for presidential son-in-law Jared Kushner's private equity firm in between. For a president who deeply values loyalty, and has often expressed frustration that Powell won't take cues from the White House, that is appealing."
"Christopher Waller (23%) is a current Fed governor appointed by Trump in 2020, who has emerged as one of the central bank's most influential and independently minded intellects. Silver-haired, fit from weightlifting, and with a gravelly voice and confident manner, he may align with Trump's oft-stated desire for "central casting" candidates for big jobs. He is a longtime Fed insider - he was a vice president at the St. Louis Fed before coming to Washington - which could be both a feature and a bug."
Treasury Secretary Scott Bessent confirmed five finalists for Federal Reserve chair, with selection expected before year's end. Kevin Hassett leads in prediction markets due to close ties to the president, having served in top White House roles and worked for Jared Kushner's firm; loyalty appeals to the president but could undermine perceived Fed independence and market confidence. Christopher Waller, a Trump-appointed Fed governor, is influential and independently minded, knowledgeable about the institution and potential reforms, but his insider status could be both beneficial and limiting.
Read at Axios
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