Trump Considers Warsh Hassett for Fed Chair Amid Rate Cut Push

Trump Considers Warsh Hassett for Fed Chair Amid Rate Cut Push

The Wall Street Journal reports that Trump favors nominating Warsh or Hassett as Federal Reserve Chairman and hopes the new chairman will cooperate with interest rate cuts. Trump is breaking with tradition by demanding involvement in interest rate decisions, aiming to lower rates to 1% or lower. He is dissatisfied with current Chairman Powell and is considering other potential candidates. Market reactions suggest Hassett's chances are decreasing, while Warsh's support is increasing. The choice of Federal Reserve Chairman and the direction of monetary policy will have a profound impact on the global economy.

RBA Faces Inflation Pressure Amid Rate Hike Speculation

RBA Faces Inflation Pressure Amid Rate Hike Speculation

RBA Deputy Governor Hauser is scheduled to speak, drawing significant market attention given its timing after the inflation data release and before the interest rate decision meeting. The November inflation data presented a mixed picture, with core inflation remaining above the target range, leading to divided market expectations regarding an RBA rate hike. Labor market data further complicates policy decisions. This analysis examines the potential impact of Hauser's speech on the Australian dollar, bond market, and market sentiment, and anticipates that the RBA may likely hold interest rates steady.