Trump Interviews Waller for Fed Chair Amid Shifting Market Focus on Jobs

The potential transition at the Federal Reserve has sparked speculation among investors and analysts. The Fed's next chair will play a pivotal role in shaping monetary policy, particularly as the central bank faces ongoing challenges such as inflation and labor market dynamics. Market watchers are closely monitoring the selection process to gauge how the next chair might handle these issues.

Treasury Secretary Scott Bessent expressed confidence that the new Fed chair will continue to support economic growth and help reduce inflation, which he expects to drop significantly by mid-2026. Bessent attributed current inflationary pressures to policies under the Biden administration and highlighted the impact of recent deregulation on boosting supply and lowering prices. He also predicted a "bountiful" year for the economy in 2026, provided the government remains operational.