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Economy / The Economic Times

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Trump says he has decided on who will replace Jerome Powell as Fed chair

President Trump announced he has selected his nominee for Federal Reserve chair, signaling a move towards deeper interest-rate cuts. White House National Economic Council Director Kevin Hassett is reportedly the leading candidate, viewed as aligned with Trump's monetary easing push. The announcement is expected soon, with the nominee requiring Senate confirmation.

1 Dec 2025 6:49 am