Potential Announcement of New Federal Reserve Chair This Week

Qinbafrank posted on X. The nomination for the new Federal Reserve Chair might be announced this week. Speculation arises whether U.S. President Donald Trump will reveal the new chair candidate during Jerome Powell's press conference following the Federal Reserve's interest rate decision early Thursday morning. If this occurs, market attention may shift from Powell's statements to analyzing the policy positions of the new chair. This week's Federal Reserve meeting is expected to likely pause interest rate cuts. The key focus will be whether the pause is hawkish or dovish. It is anticipated that Powell might lean towards a neutral to hawkish stance. The main point of interest now is whether Trump will announce the new Federal Reserve Chair early Thursday morning.