Trump Considers Interviewing Waller for Fed Chair

Summary

President Trump is considering interviewing Fed Governor Christopher Waller for the Fed chair position. Waller favors rate cuts and prioritizes labor market conditions, downplaying inflation concerns. The selection process is fast-moving, with Trump deliberating on the decision. Waller is among top candidates with extensive institutional experience.Unusual Whales

Impact Analysis

So, Trump is eyeing Waller for the Fed chair, which is interesting given Waller’s dovish stance on rate cuts and labor market focus. This could mean a shift towards more aggressive rate cuts, aligning with Trump’s preference for lower rates. The timing is crucial—Trump’s dissatisfaction with Powell’s conservative approach is well-documented, and this move could be a strategic pivot to ensure monetary policy aligns more closely with his economic goals. If Waller is appointed, expect potential volatility in bond markets as investors recalibrate expectations for future rate cuts. This could also impact the dollar’s strength, possibly weakening it if rate cuts are perceived as imminent. Bottom line—watch for shifts in interest rate futures and currency markets as this unfolds.Unusual Whales+ 3