COINOTAG reported Sept. 6 that President Trump said he is considering a new assignment for White House National Economic Council Director Hassett, naming him among three finalists for the Federal Reserve chair while declining to confirm any selection.
The report noted that U.S. Treasury Secretary Bentsen had been regarded as a fourth choice, leaving three candidates under consideration; the names Wash and Walle were mentioned as other potential contenders in the narrowing process.
Market participants and policy observers will monitor the timetable and commentary closely, since the appointment of a Federal Reserve chair under Trump could influence monetary policy expectations and investor positioning, although no formal nomination has been announced.
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