Hassett's Fed-Chair Candidacy in Jeopardy Amid Shift to Warsh
Kevin Hassett's candidacy for Fed-Chair is facing unexpected obstacles. The former economic advisor to President Trump was previously seen as a done deal, but now his chances have been questioned by Trump and his allies.
The unexpected twist has brought forward Kevin Warsh as the new frontrunner for the position. While Hassett's nomination had seemed secure, it appears that Trump is reconsidering his choice.
This development raises questions about the stability of the Fed-Chair selection process. If Trump's allies are able to sway his decision, what does this mean for the future of economic policy in the US?