Analysts say the Federal Reserve’s next presidential nominee could be publicly announced this weekend.
Analysts at US financial news site InvestingLive said the latest information they received regarding the FED chairmanship process was shared last week and at that time it was reported that Donald Trump could make his decision before or after his visit to Davos.
With Trump leaving Davos yesterday and returning to Washington, it is likely that the issue of the Fed chairmanship will be on the agenda this weekend. Analysts point out that Trump may have largely finalized his decision.
In an interview with CNBC in Davos, Trump said the pool of candidates was shrinking: “There are only three left, but really two. Actually, in my opinion, maybe only one.”
The current situation portends a remarkable change. Rick Reed’s approval rating continues to rise, currently reaching 35%, putting him just behind Walsh. Conversely, Trump appears to have once again sidelined Kevin Hassett, a previously prominent candidate.
Trump, in his statement about Hassett, said: “Obviously I want him to stay where he is. I don’t want to lose him. He gives a great performance on television.” Trump also added that Rick Reed was “very well behaved” during the interview process.
*This does not constitute investment advice.
