Professor: White House tests Fed's resilience
US President Donald Trump and his allies have on several occasions attacked the US central bank and its head Jerome Powell, writes The Guardian. According to former Fed economist Claudia Sahm, known for the so-called Sahm rule, it is a pressure campaign to test the central bank's resilience.
- Some have held up, others may not.
Ryan Sweet, chief economist at Oxford Economics, compares it to a lightning rod. When something goes wrong, the Fed gets the blame, when it goes well, it gets no praise.
Bet on the next Fed chief is attractive - Hassett in the lead
Jerome Powell has a mandate as Fed chief until May, but Donald Trump has on several occasions hinted that he could be forced out earlier. Who will be his replacement is now one of Polymarket's most traded bets.
White House economic adviser Kevin Hassett leads with 43 percent, followed by former Fed chief Kevin Warsh at 34 percent. Next comes Fed Governor Christopher Waller with 13 percent.
The gap is then wide: Blackrock's Rick Rieder has 3 percent and Fed Governor Michelle Bowman 2 percent.
Polymarket is a betting site where users can bet cryptocurrency on outcomes in everything from politics to economics.
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