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Hassett likely to be Trump's pick for Fed chief, though Warsh is more qualified, CNBC survey finds

1. Kevin Hassett is a top candidate for Fed chair under Trump. 2. Survey indicates potential for two rate cuts this year. 3. High inflation pressures may complicate Fed's monetary policy decisions. 4. Respondents are split on Fed's independence under Hassett's leadership. 5. Market anticipates neutral stance from Powell at Jackson Hole symposium.

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FAQ

Why Neutral?

While expected rate cuts can boost markets, inflation concerns may inhibit significant gains, similar to the Fed's cautious approach in previous inflationary cycles.

How important is it?

Recent Fed actions and rate expectations directly influence S&P 500 valuations, impacting investor sentiment.

Why Short Term?

The implications for the S&P 500 will manifest soon, particularly if rate decisions are made imminently.

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