[{"data":1,"prerenderedAt":239},["ShallowReactive",2],{"story-1789-en":3},{"id":4,"slug":5,"slugs":5,"currentSlug":5,"title":6,"subtitle":7,"coverImagesSmall":8,"coverImages":9,"content":44,"questions":45,"relatedArticles":55,"body_color":237,"card_color":238},"1789",null,"Trump's Fed Chair Gambit: Rewriting Central Banking's Playbook","- Unprecedented presidential intervention threatens Federal Reserve's traditional independence",[],[10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,25,29,30,31,32,21,33,21,34,35,36,37,38,39,40,41,42,25,43,25],"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i_YvRFcZuF3g/v4/640x360.jpg","https://bostonglobe-prod.cdn.arcpublishing.com/resizer/v2/YP4LAUWMV55BOO64YN6F3FBRXU.png?auth=9ffdfd5970f8e458614df860d1c467b7940b347e4abf2f15d7f045f920ac6689&width=1440","https://fortune.com/img-assets/wp-content/uploads/2025/12/GettyImages-2250509757-e1765584039294.jpg?format=webp&w=1440&q=100","https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibQDEMR6lUto/v1/-1x-1.webp","https://cdn.theatlantic.com/thumbor/njVMa-LeyhQd5tQ5rMHYLWPfgMg=/0x0:4000x2250/960x540/media/img/mt/2025/12/2025_12_12_The_Daily_The_Reason_Trump_Keeps_Pushing_the_Fed/original.jpg","https://image.cnbcfm.com/api/v1/image/108173286-1752755185354-Kevin4.jpg?v=1765577367&w=1600&h=900","https://assets.newsweek.com/wp-content/uploads/2025/12/GettyImages-2251471582.jpg?w=1600&h=900&q=88","https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20251213/66153357-0-3a5238ad7cbc95250cdb69ce84673d23.png/big","https://responsive.fxempire.com/v7/_fxempire_/2025/12/ChatGPT-Image-Aug-28-2025-02_59_23-PM.jpg?width=1201","https://mezha.net/wp-content/uploads/2025/12/12/federal-reserve-chair-candidate.webp","https://thehill.com/wp-content/uploads/sites/2/2025/12/AP25310676750832.jpg?strip=1","https://images.wsj.net/im-50733854?width=700&height=466","https://static.foxbusiness.com/foxbusiness.com/content/uploads/2025/10/donald-trump-white-house-oval-office.jpg","https://media.zenfs.com/en/reuters.com/22f0ac08073f811ec811a1952f1f4cb0","https://www.reuters.com/resizer/v2/DRDZFIOFRFNSTOTJK3PSNTXAYQ.jpg?auth=678354bfcc8487b88a5341e9379edda1bae81c938706d07668b6a119a823c923&width=1080&quality=80","https://images.barrons.com/im-92255856?width=940&height=626","https://www.etftrends.com/wp-content/uploads/2025/12/shutterstock_2653282755.jpg","https://s.yimg.com/uu/api/res/1.2/rKl5.TIHvBs5RrVba5eH9g--~B/aD0xOTkyO3c9MzUzOTthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2025-12/21ee6230-d7a2-11f0-b7fd-acb987498319","https://s3.tradingview.com/news/image/invezz:aca6f4154094b-b36dcef62fa0019a711e58122805c1d9-resized.webp","https://s.yimg.com/uu/api/res/1.2/TLT4aGr0GNhRG2beBgPCuA--~B/aD03MjA7dz0xMjgwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/video.fbc.news.com/317dc0d2a1a56d7ab38cb50fb0b819e6","https://images.wsj.net/im-96299951?width=620&height=413","https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ixIjtUREicIU/v1/-1x-1.webp","https://cdn.ttweb.net/News/images/371856.jpg?preset=w800_q70","https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1SeBOn.img?w=768&h=512&m=6","https://cdn.ttweb.net/News/images/211542.jpg?preset=w800_q70","https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1692418614/image_1692418614.jpg?io=getty-c-w1536","https://nypost.com/wp-content/uploads/sites/2/2025/12/Trump-loves-Kevin-Hassett-v2.gif","https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/694940094001/f878de2e-ba1c-4f86-9efd-04eee3b351b5/1746031b-d513-411a-9383-b47e95cd43ba/1280x720/match/1024/512/image.jpg?ve=1&tl=1","https://image.cnbcfm.com/api/v1/image/108169517-1752067675343-gettyimages-2211325596-IMF_WORLD_BANK.jpeg?v=1765577298&w=1600&h=900","https://www.thedailybeast.com/resizer/v2/A3NIVHM2BRAFDAEGJHRAKAMA44.jpg?smart=true&auth=a6eb75ce295b517a61c35519c9df0d178b8203fe929c74c7f09ee469b9452596&width=1600&height=900","https://eladelantado.com/en/wp-content/uploads/2025/12/jerome-powell-fed-2026-750x422.jpg","https://i.guim.co.uk/img/media/18b10e83f9f17ad62ddd051909fcadf8e65918b9/0_0_4000_2667/master/4000.jpg?width=465&dpr=1&s=none&crop=none","https://qz.com/cdn-cgi/image/width=1920,quality=85,format=auto/https://assets.qz.com/media/Trump%20Christmas.jpg","https://nypost.com/wp-content/uploads/sites/2/2025/12/us-president-donald-j-trump-117191870.jpg?quality=75&strip=all&w=1200","The Federal Reserve stands at a critical inflection point, with President Trump's aggressive attempts to reshape monetary leadership revealing a profound challenge to institutional independence. At the heart of this strategic maneuver are **two Kevins** - Kevin Warsh and Kevin Hassett - who represent Trump's vision of a more politically responsive central banking system.\n\nTrump's approach goes beyond typical executive engagement, signaling a fundamental reimagining of the Fed's role. By consistently pressuring current Chair Jerome Powell and seeking replacements who align more closely with his economic perspectives, the president is attempting to transform the central bank from an independent institution into a more executive-responsive economic tool.\n\nThe current federal funds rate sits at 3.5-3.75%, a range Trump believes is too high. His preferred candidates, particularly Warsh, have demonstrated willingness to consider more aggressive rate cuts. This isn't merely a leadership change but a potential paradigm shift in monetary policy management. Experts like Peter Conti-Brown warn that such direct presidential interference could lead to catastrophic economic consequences, potentially triggering currency instability and compromising long-term economic planning.\n\nThe strategic implications are profound. By seeking a Fed chair who will \"consult\" on interest rates - a departure from traditional central bank independence - Trump is challenging decades of established monetary governance. The selection process reveals a broader pattern of consolidating influence across federal agencies, with the Fed representing perhaps the most consequential potential transformation.\n\nFor financial markets, international traders, and cross-border businesses, this represents a significant risk landscape. The potential replacement of Powell could fundamentally alter exchange rate dynamics, borrowing costs, and overall economic stability. Businesses must closely monitor these developments, as the Fed chair's approach could dramatically impact global financial strategies.",[46,49,52],{"title":47,"answer":48,"author":5,"avatar":5,"time":5},"How might the potential Fed chair change impact international businesses?","International businesses should anticipate potential volatility in exchange rates, borrowing costs, and overall economic stability. A Fed chair more responsive to presidential preferences could lead to more unpredictable monetary policy, requiring more sophisticated risk management and hedging strategies.",{"title":50,"answer":51,"author":5,"avatar":5,"time":5},"Who are the top candidates for Fed chair, and what distinguishes them?","Kevin Warsh and Kevin Hassett are the top candidates. Warsh, a former Fed governor, appears to be Trump's preferred choice, particularly because he seems more aligned with the president's perspective on lowering interest rates. Both candidates are viewed as potentially more receptive to executive branch input compared to the current chair, Jerome Powell.",{"title":53,"answer":54,"author":5,"avatar":5,"time":5},"What are the potential economic risks of Trump's approach to Fed leadership?","Experts warn that direct presidential interference could lead to catastrophic consequences, including potential currency instability, compromised long-term economic planning, and a breakdown of traditional monetary policy independence. The risk is a more politically-driven approach that prioritizes short-term economic stimulation over sustainable economic management.",[56,61,66,71,75,79,83,87,91,95,99,102,106,110,114,118,122,125,129,134,138,141,145,149,153,156,160,164,168,172,176,180,184,188,192,196,199,203,207,211,215,219,222,226,230,234],{"id":57,"title":58,"source":59,"logo":5,"time":60},77590,"Trump to kick off final round of Fed chair interviews this week, FT reports","https://wmbdradio.com/2025/12/09/trump-to-kick-off-final-round-of-fed-chair-interviews-this-week-ft-reports/","5D AGO",{"id":62,"title":63,"source":64,"logo":21,"time":65},77771,"Exclusive | Trump Says He Is Leaning Toward Warsh or Hassett to Lead the Fed","https://www.wsj.com/economy/central-banking/trump-says-he-is-leaning-toward-warsh-or-hassett-to-lead-the-fed-34a200e5?gaa_at=eafs&gaa_n=AWEtsqeXwogkP6GzabD5eDOpsgkGTSUnhrzlnBkV2opC1DnXWYtJ2-moJj3H&gaa_ts=693d21d5&gaa_sig=A5M5ixu_02TCERGmq9ARGkKpWdkWjmrKLJwR-h72bDiqZmTA170bkP-CMHMi1rCtujwgq8qQ-dJtLNffL8eD5Q%3D%3D","3D AGO",{"id":67,"title":68,"source":69,"logo":38,"time":70},76540,"Hassett Fed chair odds fall, Warsh chances surge on Kalshi after Trump comments","https://www.cnbc.com/2025/12/12/hassett-fed-chair-odds-fall-warsh-chances-surge-on-kalshi-after-trump-comments.html","2D AGO",{"id":72,"title":73,"source":74,"logo":22,"time":70},76541,"Trump says Warsh, Hassett are leading contenders for Fed chair pick","https://www.foxbusiness.com/politics/trump-suggests-warsh-hassett-leading-contenders-fed-chair-pick",{"id":76,"title":77,"source":78,"logo":41,"time":65},76542,"Trump demands Fed listen to him as he lines up new leader: ‘I’m a smart voice’","https://www.theguardian.com/business/2025/dec/12/trump-federal-reserve-chair-pick-kevin-warsh",{"id":80,"title":81,"source":82,"logo":29,"time":70},76960,"President Trump reportedly narrows Fed pick to ‘Kevin and Kevin’","https://www.yahoo.com/news/videos/president-trump-reportedly-narrows-fed-001954019.html",{"id":84,"title":85,"source":86,"logo":27,"time":65},76543,"Trump hints Kevin Warsh, Hassett are top 2 picks for Fed chair: WSJ","https://finance.yahoo.com/video/trump-hints-kevin-warsh-hassett-213454667.html",{"id":88,"title":89,"source":90,"logo":12,"time":70},76961,"Trump names Warsh, Hassett as top Fed contenders, WSJ says","https://fortune.com/2025/12/12/trump-kevin-warsh-hassett-federal-reserve-chairman-contenders/",{"id":92,"title":93,"source":94,"logo":20,"time":65},76544,"Trump tells WSJ next Fed chair should consult him on interest rates","https://thehill.com/homenews/administration/5646874-trump-desires-low-interest-rates/",{"id":96,"title":97,"source":98,"logo":39,"time":70},76962,"Trump Deciding Between Two Kevins to Lead Fed","https://www.thedailybeast.com/trump-deciding-between-two-kevins-to-lead-fed/",{"id":100,"title":63,"source":101,"logo":21,"time":65},78426,"https://www.wsj.com/economy/central-banking/trump-says-he-is-leaning-toward-warsh-or-hassett-to-lead-the-fed-34a200e5?gaa_at=eafs&gaa_n=AWEtsqfA9-nR5V9-O5L1pkF1RWcmG7i1F3cC4dTezbYKeGEQYlk8VZ1OXwOI&gaa_ts=693d5a09&gaa_sig=ZXbGxDefcjQLv4jdHLf1Xe1GhDBFmTHBQDPuIgVX08QcZisjaQt2-aVgq3V0MAQH5V2ruVfDztIy_tjO0HPjYQ%3D%3D",{"id":103,"title":104,"source":105,"logo":43,"time":65},76545,"Trump leaning toward Kevin Warsh or Kevin Hassett to be next Fed chief: report","https://nypost.com/2025/12/12/business/trump-leaning-toward-kevin-warsh-or-kevin-hassett-to-be-next-fed-chief-report/",{"id":107,"title":108,"source":109,"logo":10,"time":70},76963,"Trump Leaning Between Warsh, Hassett for Fed Chair | Balance of Power: Late Edition 12/12/2025","https://www.bloomberg.com/news/videos/2025-12-13/balance-of-power-late-edition-12-12-2025-video",{"id":111,"title":112,"source":113,"logo":5,"time":65},76546,"Trump Says He Is Leaning Toward Warsh or Hassett to Lead the Fed, WSJ Reports","https://money.usnews.com/investing/news/articles/2025-12-12/trump-says-he-is-leaning-toward-warsh-or-hassett-to-lead-the-fed-wsj-reports",{"id":115,"title":116,"source":117,"logo":24,"time":70},76964,"Trump says he is leaning toward Warsh or Hassett to lead the Fed, WSJ reports","https://www.reuters.com/world/us/trump-says-he-is-leaning-toward-warsh-or-hassett-lead-fed-wsj-reports-2025-12-12/",{"id":119,"title":120,"source":121,"logo":26,"time":65},76547,"The Fed Cuts Again, but the Divide Is Growing","https://www.etftrends.com/coinshares-content-hub/fed-cuts-again-divide-growing/",{"id":123,"title":116,"source":124,"logo":23,"time":65},76965,"https://finance.yahoo.com/news/trump-says-leaning-toward-warsh-205504408.html",{"id":126,"title":127,"source":128,"logo":5,"time":65},76548,"Three Fed Officials Break Ranks Over Divisive Interest Rate Cut","https://finimize.com/content/fed-divides-on-rate-cut-as-inflation-debate-heats-up",{"id":130,"title":131,"source":132,"logo":40,"time":133},76966,"It's official—the Federal Reserve is preparing for a turbulent year as Jerome Powell's term comes to an end, affecting markets and households","https://eladelantado.com/en/federal-reserve-end-jerome-powells/","4D AGO",{"id":135,"title":136,"source":137,"logo":25,"time":65},76549,"Kevin Hassett Says He Would Be Independent at the Fed. Some Who Know Him Are Worried.","https://www.barrons.com/articles/kevin-hassett-trump-fed-chair-57f2cad4?gaa_at=eafs&gaa_n=AWEtsqfrTE7ZfV-FyE0mEgnOJ5XMSJxn9_-z6mHtobAckGoJqhaahKrlLPUn&gaa_ts=693cb15f&gaa_sig=9TJCgq2FvEUrkcbJJiQytIJywXZFbj_98vO09M1PzTIK-cr1to-SoqMipzLH6ybNDXoUSwPzt1XYiDpTe4IJxg%3D%3D",{"id":139,"title":136,"source":140,"logo":25,"time":65},76967,"https://www.barrons.com/articles/kevin-hassett-trump-fed-chair-57f2cad4?gaa_at=eafs&gaa_n=AWEtsqejVrrv5TXUOXCyW9rliVV35oU2V-n_NTMC1cxd0_XZ054efITSPZ8R&gaa_ts=693ce994&gaa_sig=qRRWBK5BwM0oZVir_FK_buUpqrwxMokoDZFgbIHnyk34rsJVSB0zibO6jbjk6c9Knvyc2V9jVvTY6gM6pl2Pcg%3D%3D",{"id":142,"title":143,"source":144,"logo":36,"time":65},76529,"Fed chief frontrunner Kevin Hassett will do whatever it takes to push through Trump's MAGA-nomics","https://nypost.com/2025/12/12/business/fed-chief-frontrunner-kevin-hassett-will-do-whatever-it-takes-to-push-through-trumps-maga-nomics/",{"id":146,"title":147,"source":148,"logo":31,"time":70},78271,"Charting the Global Economy: Fractured Fed Lowers US Interest Rates","https://www.bloomberg.com/news/articles/2025-12-13/world-economy-latest-fractured-federal-reserve-cuts-interest-rates",{"id":150,"title":151,"source":152,"logo":11,"time":70},78270,"Charting the global economy: Fractured Fed lowers US interest rates","https://www.bostonglobe.com/2025/12/13/business/fed-lowers-us-interest-rates/",{"id":154,"title":136,"source":155,"logo":25,"time":65},78273,"https://www.barrons.com/articles/kevin-hassett-trump-fed-chair-57f2cad4?gaa_at=eafs&gaa_n=AWEtsqctBxRBMUp6z0agffilhUzJO0aBnhaIYG3O-KALkBXGbTEF37hX36eX&gaa_ts=693d5a09&gaa_sig=lQ5_ChU5iVDTg_VcZ29-xoKXOAHieRSDPmghnlvd1Y16cV7dcnhFpw5k_WIE9oB4piBKoFTHjfnl7_winAkdHg%3D%3D",{"id":157,"title":158,"source":159,"logo":5,"time":70},78272,"Who is Kevin Hassett? Wolfe looks at the Trump ally tipped to become Fed Chair.","https://www.investing.com/news/economy-news/who-is-kevin-hassett-wolfe-looks-at-the-trump-ally-tipped-to-become-fed-chair-4398992",{"id":161,"title":162,"source":163,"logo":42,"time":133},78274,"Trump reaches final stages of his Fed chair search: 'I'm looking for somebody that will be honest with interest rates'","https://qz.com/trump-fed-warsh-finalist-fed-race",{"id":165,"title":166,"source":167,"logo":30,"time":133},76550,"The Fed Vote You Won’t Hear About","https://www.wsj.com/livecoverage/fed-interest-rate-decision-live-12-10-2025/card/the-fed-vote-you-won-t-hear-about-pLEMZ6HP4utiPE988lxy?gaa_at=eafs&gaa_n=AWEtsqdKUNLS2OwFO7y4Zea1tJkbkAssRoOif8R7cYzkE7tgEiGUxxgDzXPo&gaa_ts=693cb15f&gaa_sig=bQICPPNGJQ1C9zg4Ytz_pbz5TfFkTUc6SKTxsXlsHDK1H38MicYi30vMN104AzgRnmlI23wQmFOt3H3crSLQXw%3D%3D",{"id":169,"title":170,"source":171,"logo":32,"time":70},76530,"Trump: My voice should be heard at the Fed","https://breakingthenews.net/Article/Trump:-My-voice-should-be-heard-at-the-Fed/65348686",{"id":173,"title":174,"source":175,"logo":35,"time":70},77586,"CIO Notebook: Powell Plays The Middle As Fed Cuts Rates","https://seekingalpha.com/article/4853116-cio-notebook-powell-plays-middle-as-fed-cuts-rates",{"id":177,"title":178,"source":179,"logo":16,"time":70},76531,"Donald Trump Reveals Two Finalists for Federal Reserve Chair","https://www.newsweek.com/federal-reserve-trump-picks-kevin-hassett-warsh-11205423",{"id":181,"title":182,"source":183,"logo":34,"time":65},77587,"Trump: Rates should be 1% or lower a year from now","https://breakingthenews.net/Article/Trump:-Rates-should-be-1-or-lower-a-year-from-now/65348215",{"id":185,"title":186,"source":187,"logo":13,"time":70},76532,"Trump Names Warsh, Hassett as Top Fed Contenders, WSJ Says","https://www.bloomberg.com/news/articles/2025-12-12/trump-names-warsh-hassett-as-top-fed-chair-contenders-wsj-says",{"id":189,"title":190,"source":191,"logo":5,"time":65},77588,"Trump: Waller or Hassett are candidates for Federal Reserve Chair","https://www.bitget.com/news/detail/12560605109649",{"id":193,"title":194,"source":195,"logo":5,"time":70},76533,"Trump says will be choosing new Fed chair in near future","https://www.marketscreener.com/news/trump-says-will-be-choosing-new-fed-chair-in-near-future-ce7d50d8dd8af52d",{"id":197,"title":136,"source":198,"logo":25,"time":65},77589,"https://www.barrons.com/articles/kevin-hassett-trump-fed-chair-57f2cad4?gaa_at=eafs&gaa_n=AWEtsqc1mTPVkdYE3xg9wKUMD-b9k4z60hBBUArOehAHh9v5SvLhhUhDXBZ-&gaa_ts=693d21d5&gaa_sig=zXm1zhYJ3RR9imVs7wjY5NUrzo4X8RJh6Obn6DUt42aj3dRdnp4D8w8w3P6RHDV9N9l8bkzgegEkk7Usl_QQYQ%3D%3D",{"id":200,"title":201,"source":202,"logo":5,"time":70},76534,"Fed Officials Break Silence; Still Divided About Future Of Interest Rates","https://www.investopedia.com/fed-officials-break-silence-still-divided-about-future-of-interest-rates-11868313",{"id":204,"title":205,"source":206,"logo":18,"time":65},76535,"A Divided Federal Reserve Cuts 25bps as an Announcement of a New Fed Chair Looms","https://www.fxempire.com/news/article/a-divided-federal-reserve-cuts-25bps-as-an-announcement-of-a-new-fed-chair-looms-1567161",{"id":208,"title":209,"source":210,"logo":17,"time":70},76536,"Trump says Kevin Warsh is at the top of the list for Fed Chair candidates | Global Markets","https://news.futunn.com/en/post/66153357/trump-says-kevin-warsh-is-at-the-top-of-the",{"id":212,"title":213,"source":214,"logo":14,"time":70},76613,"The Fed’s Succession Drama","https://www.theatlantic.com/newsletters/2025/12/fed-reserve-rate-jerome-powell-trump/685245/",{"id":216,"title":217,"source":218,"logo":19,"time":65},76537,"Federal Reserve Chair Candidate Signals Cautious Interest Rate Policy for 2026","https://mezha.net/eng/bukvy/federal-reserve-chair-candidate-signals-cautious-interest-rate-policy-for-2026/",{"id":220,"title":63,"source":221,"logo":21,"time":65},76614,"https://www.wsj.com/economy/central-banking/trump-says-he-is-leaning-toward-warsh-or-hassett-to-lead-the-fed-34a200e5?gaa_at=eafs&gaa_n=AWEtsqesatiB1yZ0ktiNPe9qLMt0E9yqYQQ3Vbj1BGK2AJGwELNLF4XcJQGx&gaa_ts=693cb15f&gaa_sig=PxG9lQz4MzNoKGow_lD_n9IG4KxjT-hfBcM7ebM9c5bTtXAtI5cZQ5D9Heekiur0A2aSzzsI4JyU53YpxGhX4g%3D%3D",{"id":223,"title":224,"source":225,"logo":28,"time":65},76538,"A hawkish cut, a split house, and a Fed Chair on borrowed time","https://www.tradingview.com/news/invezz:aca6f4154094b:0-a-hawkish-cut-a-split-house-and-a-fed-chair-on-borrowed-time/",{"id":227,"title":228,"source":229,"logo":15,"time":65},76615,"Trump says Kevin Warsh is at top of Fed chair candidate list, president should be consulted on rates","https://www.cnbc.com/2025/12/12/trump-kevin-warsh-fed-chair-rates.html",{"id":231,"title":232,"source":233,"logo":33,"time":70},76539,"Fed officials split over bigger risk for economy going into 2026","https://www.msn.com/en-us/money/markets/fed-officials-split-over-risks-to-us-economy-going-into-2026/ar-AA1SeV1M?ocid=finance-verthp-feeds",{"id":235,"title":81,"source":236,"logo":37,"time":70},76959,"https://www.foxnews.com/video/6386410022112","#edb5d7ff","#edb5d74d",1765806186912]