Hassett's Fed Chair Bid Uncertain Amid Rate Cut Speculation

Despite President Trumps hopes, Kevin Hassetts potential appointment as Federal Reserve Chair may not lead to immediate interest rate cuts. Gregory Peters from PGIM Fixed Income doubts Hassetts ability to gain consensus among the committee members. The bond market reflects this uncertainty, as markets await the next Fed chair, committee composition, and administrations involvement.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.