Who will be the new Fed chairman? More favorites are on the list.
President Donald Trump's selection of the new chairman of the United States Federal Reserve is generating increasing excitement.
The term of current Fed Chairman Jerome Powell, who is in his second term, ends in May 2026. Therefore, the search for his successor has been underway for some time.
However, according to the Wall Street Journal, the two most likely candidates for the position are Kevin Hassett and Kevin Warsh.
The former is an advisor to the White House and serves as director of the National Economic Council, while the latter was an economic advisor to President George W. Bush and served on the Fed Board of Governors.
The question remains what position both men take on future interest rate cuts. Donald Trump has been arguing for several weeks that rates should be kept at 1%.
Powell has a decidedly different opinion, believing that there are too many unknowns in American economic policy and that the impact of tariffs on inflation cannot be fully estimated.
Therefore, interest rates are still maintained in the range of 4.25-4.50 percent, which , according to the president, limits domestic investment and limits the granting of consumer loans by banks.
Journalist, graduate of political science at the Faculty of Law and Administration of the Jagiellonian University. Associated with the media for over 40 years. After graduating in 1982, he worked in the editorial offices of "Gazeta Krakowska" and "Kurier Polski". Member of the editorial team of "Przegląd Techniczny". He published texts in "Student", "Przekrój", "Życie Literackie". Since the economic and political changes, for over 20 years associated with the Reuters agency as a correspondent in Krakow. For the next three years, he conducted practical classes with students at the Institute of Journalism, Media and Social Communication of the Jagiellonian University. Since December 2021, he has joined the PTWP Group and works on the WNP.PL portal. His main professional interests are economics and politics at the global level and the participation of Polish business in this, especially companies listed on the Warsaw Stock Exchange. Winner of the "Ostra Pióra" award, granted for "spreading economic education" by the BCC, as well as the Golden Pear - a journalistic award of the Małopolska Branch of the Association of Journalists of the Republic of Poland.
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