Most U.S. academic economists hope for Christopher Waller to replace Jerome Powell as the Fed (Federal Reserve) president, but few think it will happen.
A recent financial survey conducted by the Clark Center for Global Markets at Booth School of Business at the University of Chicago was highlighted by CNN.
82% of those surveyed prefer Waller to take office in May 2026 when Powell’s term ends, but only 20% think it will happen.
Kevin Hasset, the current head of the White House’s National Economic Council, is the main focus. Out of the 44 economists surveyed, most believe that there is a higher chance of Hasset becoming the chair, even though only 39% of them support him.
The study emphasizes that this difference shows the influence that President Donald Trump is exerting on the nation’s central bank.
The Republican has shared many public critiques of the current mayor on the Truth Social network, referring to Powell as an “idiot” for not lowering the US interest rate in numerous blog posts recently.
Trump recently informed journalists at the White House that there are three top contenders for nominations at the Fed this month: Christopher Waller, Kevin Hasset, and Kevin Warsh, a former governor.
Two individuals are notable for their alignment with the US president in political and economic matters. Hasset supports the tariff war and believes the Fed kept interest rates higher than necessary. Warsh has consistently called for a “system change in the Fed”.
Trump recalls ‘The Apprentice’ in latest criticism of Jerome Powell.
US President Donald Trump posted a new challenge to the current Federal Reserve president, Jerome Powell, on Saturday. Trump used his social network, Truth Social, to share a message saying “You’re Fired,” a popular phrase from the reality show “The Apprentice” hosted by Trump.
Trump’s criticisms and provocations toward Powell have contributed to strained relations among Americans, partly due to differing opinions on the country’s current interest rate cuts, which range from 4% to 4.25%.
Jerome Powell’s term at the US central bank lasts until May 2026, but the competition for the position is already intense. Stephen Miran and Christopher Waller are key contenders known for their strong advocacy of more aggressive interest rate reductions.
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