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White House Economic Advisor Kevin Hasset appears next to US President Donald Trump at the White House Oval House office in Washington, Colombia County, March 7, 2025.
Leah milis | Reuters
President Donald Trump According to the Special Edition of the Jackson Hole Edition CNBC Fed Ber Fed, Kevin Joset will push his chief federal reserve chairman. But when asked who should choose the president, Hassett took a more distant fourth.
Hosset, Director of the National Economic Council, firmly led flock Asked who chooses the president among the 11 names currently being considered. He was followed by Fed’s Governor Christopher Waller and former Fed Governor Kevin Warsh.
But when asked who should “choose the president”, Worsh took the place No. 1, followed by Waller and former President St. Louis Fes James Bulard. The Fed Vice -Chair of Supervision Michel Bowman was in fifth place after Joset.
“I think getting acquainted with Trump with (Hasset) in the work he did during a pandemic, makes him a high candidate in Trump, who appreciates and rewarding loyalty,” said Richard Steinberg, Senior Strategist with Focus Partners Wealth.
Supporting that Hassett is qualified, Allen Sinai from the economy said he was concerned Fed Independence If he gets a job.
“The low interest rate policy for political reasons is a very strong look and the Trump administration is a macro -rose when it is considered in the markets as an absorption of the administration,” Sinai said.
During the poll, 41% of respondents believe that the next Fed chairman will hold a monetary policy regardless of the president, and 37% stated that it would be coordinated; 22% were not sure.
Trump was campaigning to reduce the rates, repeatedly insulting the current chair Jerome PowellBut the Powell and the Federal Committee of the Open Market still resisted with the concern of potential inflation from tariffs.
Bowman and Waller both disagree In July in favor of reducing the rate.
Surveys respondents see two declines this year with the Fed — in September and December, high inflation.
The forecast for Consumer Price Index at 12-month Inflation This year, about 3% and 2.9% remains in 2026, believing that the Fed will have to deal with the aforementioned inflation for a while. Almost two -thirds of the respondents believe that the “significant” consequences of inflation tariffs are still ahead.
“The Fed came between the rock and two heavy places,” said Richard Bernstein, CEO of Richard Bernstein Advisors. “Political pressure to lower the level and financial stimulus that goes against constant force in leading employment and inflation.”
As a result, Powell may not be the same as a decline as the markets hope in his Jackson -Hol, Wyoming, speech. The Fed collects every August to a symposium, which has no vote, but the chair traditionally provides a major speech, which often indicates what is ahead.
Almost 70% of respondents believe that the Fed’s chair will be neutral in their comments, and 14% believe that it will become. Another 14% believe that he will not even discuss monetary policy or economic forecast.
“Powell’s comments in Jackson Hol may be more balanced than the market is currently waiting, as it needs to weigh both insufficient employment and inflation risks,” said Douglas Gordon, head of Russell Investments.
Powell may discuss the efforts of the Fed to revise its long -term strategy, with some expectation he addresses the contradictory average Fed.
The respondents are divided into how to fix the central bank or whether it is necessary to correct. Only 11% say the Fed process for monetary policy requires serious reforms, and 85% say it needs either modest or virtually without reform.
In specific issues, 41% say that the Fed should get rid of the points where the Central Bank officials anonymously indicate individual forecasts at the rate. But 37% say that it is stored as it is, another 19% say it should be stored with individual forecasts.
When it comes to 2% inflation target, 52% want to keep it, but 44% want the Fed to take a range of approximately 1.4% to 2.7%.
44% of many want to eliminate the average Fed inflation, and 37% want to keep it.
On average, the Fed inflation is taking into account previous misses in achieving its goal and can transfer higher inflation for a while to take into account inflation that has passed below the target in previous years. Some say it made the Fed more tolerant of inflation during the pandemic and slowed down its decision to strengthen the policy.