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

President Donald Trump, CNBC FED survey, according to a special Jackson Hole edition, according to the next Federal Reserve President to be the best economic advisor Kevin Hassett will touch. However, when asked who the President should choose, Hassett ranked fourth fourth.

National Economic Council Director Hassett, the President of the 11 names currently being taken into consideration when asked who will make a choice of the package firmly directed the package. Fed Governor Christopher Waller and former Fed Governor Kevin Warsh followed him.

However, when the President was asked who to choose “who”, Warsh, Waller and the old St. Louis Fed President James Bullard closely followed. Michelle Bowman, Vice President of the FED for the audit, was fifth after Hassett.

“Hassett is a high candidate for Trump, who appreciates and rewarded loyalty,” Focus Partners Richard Steinberg, Senior Global Market Strategist Richard Steinberg. He said.

While Hassett claimed that he was qualified, Allen Sinai from the decision economy said he was worried about the independence of the FED if he took the job.

“Politics of low interest rates for political reasons – a very strong opinion and pushing by the Trump administration – is a macro risk if it is seen as the seizure of management in markets.” He said.

In the survey, 41% of the participants said that the next FED Presidency would carry out monetary policy independently of the President and that 37% would be in coordination; 22 % was not sure.

Trump barely campaigns to reduce the Fed’s rates and insulted the current President Jerome Powell over and over again, but the Powell and the Federal Open Market Committee resisted so far due to concern about the potential inflation of tariffs.

Bowman and Waller opposed a ratio deduction in July.

The respondents see two ratio reductions from the Fed this year — September and December-in the same time.

Consumer Price Index 12 -month inflation rate estimation remains around 3% this year and 2.9% in 2026, which shows that the Fed will have to deal with the inflation of the target for a while. Approximately two -thirds of the participants believe that the “important” effects of tariffs on inflation have not yet come.

“The Fed was caught between a rock and two hard places,” Richard Bernstein’s Advisors CEO said, “Fed is a rock and two hard places.” He said. “Political pressure to reduce the proportions and financial incentives against the ongoing power in the leading indicators of employment and inflation.”

As a result, Powell, Jackson Hole, Wyoming may not have pigeons about ratio interruptions, as he hopes in his speech. The FED is gathered for a symposium in which there is no votes in August, but the president traditionally presents an opening speech showing what is ahead of us.

Almost 70% of the respondents think that they will be neutral, believing that the Fed chair will be Dovish. 14 % think it will not even discuss monetary policy or economic appearance.

“Powell’s comments in Jackson Hole can be more balanced than the market, since the market must weigh both the downward risks for employment and the risk of inflation,” Russell Douglas Gordon, General Manager of Investments, General Manager of Investments. He said.

Powell can discuss the Fed’s effort to re -visit the long -term strategy and appeals to the Fed’s controversial average inflation targeting with some expectations.

The participants were divided into how the Central Bank should be corrected or whether it should be corrected. He says that only 11% of them need great reforms, saying that 85% of the process of making monetary policies require humble or very little reform.

On certain issues, 41% plurality says that the FED should get rid of the point plan of the Central Bank officials for the fund ratio as anonymous. However, 37%, as it is, says that 19% should be kept with individual estimates depending on the ratio appearance.

In the case of a 2% inflation target, 52% want to protect it, but 44% want the Fed to adopt a range of about 1.4% to 2.7%.

44% of them want to eliminate the average inflation targeting of the FED, and 37% want to maintain it.

In average inflation targeting, the FED takes into account the previous aspirations to hit the target and may tolerate higher inflation for a while to take into account the inflation below the target in previous years. Some said it was more tolerant of inflation during the Fed’s pandemia and slowing down the decision to tighten the policy.