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Trump admin considering two new candidates to be next Fed chair: report

1. Trump's team reviews candidates for new Fed chair after Powell's term ends. 2. Candidates include former St. Louis Fed President Bullard and Marc Sumerlin. 3. Trump criticized Powell for not cutting interest rates throughout the year. 4. Recent resignations on the Fed Board expedite the Fed chair search. 5. Biden appointee Kugler’s resignation opens opportunities for Trump's allies.

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FAQ

Why Bullish?

A potential shift in Fed leadership could lead to interest rate cuts, generally boosting stock market sentiment, similar to historical reactions seen with past Fed chair changes.

How important is it?

The appointment of a new Fed chair could influence interest rates and economic policy, directly impacting investor sentiment and market dynamics.

Why Short Term?

Fed policy and leadership changes typically show immediate effects on financial markets, seen in historical pivots during Fed leadership transitions.

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