🤑 Fed Chair Roulette: Who’ll Trump Pick Next? 🎲

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Ah, the grand theater of power! The U.S. Treasury Secretary, Scott Bessent, with a flourish worthy of a carnival barker, proclaimed on Tuesday that the interviews for the next Federal Reserve Chair shall commence this Friday. Eleven souls, he reveals, are in the running-a veritable circus of candidates, each more “incredible” than the last, according to Bessent’s own gilded tongue. 🌟

Speaking to the ever-gaping maw of CNBC, Bessent waxed poetic about this “incredible group,” a mélange of current and former Fed officials, alongside private sector wizards. Names? He spills none, but the whispers of the media have already crowned their favorites: Governors Michelle Bowman and Christopher Waller, the ghost of Fed past Kevin Warsh, and the economic oracle Kevin Hassett. 🧙♂️

“I shall meet with them,” Bessent declared, with a dramatic sweep of his hand, “right before, right after Labor Day, to winnow this list and present it to President Trump.” Ah, Trump-the great puppeteer, whose strings dangle over the Fed’s every move. 🎭

Other names flutter in the wind like discarded lottery tickets: James Bullard, once a regional Fed kingpin, and Marc Sumerlin, a Bush-era whisperer. Even Bessent himself was once in the ring, but Trump, with a wave of his tiny hand, ruled him out. “You stay Treasury Secretary,” he decreed, and so it was. 🧑⚖️

Jerome Powell’s term, like a ticking time bomb, expires in May 2026. Trump, ever the critic, has lashed out at the Fed for not slashing rates fast enough-a man who demands the world bend to his will, yet finds the Fed stubbornly independent. His frustration with Powell is as palpable as a storm cloud, dark and brooding. ☁️

The World Watches, Popcorn in Hand 🍿

Investors and officials alike are perched on the edge of their seats, eyes glued to the Fed’s next move. All await Powell’s speech at Jackson Hole this Friday, a potential treasure map to future rate cuts. Will he hint at September’s policy meeting? The suspense is thicker than a Russian novel. 📉

And so, the great game continues. Whoever Trump anoints as the next Fed Chair will wield the power to shape inflation, jobs, and the global economy. A heavy crown, indeed, for a world teetering on the edge of chaos. 🌍

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2025-09-03 12:58