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Next Fed Chair to Face Extreme Pressure Test, Difficulty in Cutting Rates May Anger Trump
Summary: According to sources, Trump is intensifying the tense situation facing the next Federal Reserve Chair successor, who is being pressured to implement policies that could exacerbate inflation while also pushing the Fed to announce victory over price surges. The mission of the next Fed Chair is increasingly precarious, as whoever takes over will struggle to ...
According to sources, Trump is intensifying the tense situation facing the next Federal Reserve Chair successor, who is being pressured to implement policies that could exacerbate inflation while also pushing the Fed to announce victory over price surges. The mission of the next Fed Chair is increasingly precarious, as whoever takes over will struggle to handle these tense situations. Even Kevin Hassett, Trump's long-time advisor and current frontrunner, will not be exempt from facing extreme pressure if he is indeed entrusted with this position. The path to cutting rates in the short term will be even more difficult, potentially sparking Trump's dissatisfaction.
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Link: Next Fed Chair to Face Extreme Pressure Test, Difficulty in Cutting Rates May Anger Trump [Copy]
