Trump's Fed pick comes into focus, economic data backlog clears: What to watch this week
View original at finance.yahoo.comTrump's Fed pick comes into focus, economic data backlog clears: What to watch this week Stocks closed on Friday in the red, with the tech-heavy Nasdaq Composite (^IXIC) down roughly 1.7% while the blue-chip Dow Jones Industrial Average (^DJI) and benchmark S&P 500 (^GSPC) shed 0.5% and 1%, respectively…
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Kevin Hassett and Kevin Warsh are both great candidates for Fed chair
80% confidenceUSD weakening against other currencies is driven by news around the Fed's next leader
80% confidenceThere is a potential changing of the guard in the AI trade, with next big beneficiaries being businesses implementing the technology rather than chip manufacturers or hyperscalers
80% confidenceThe central question for Hassett nomination is whether Fed credibility will endure
80% confidenceFederal Reserve projects only one rate cut in 2026
80% confidenceDebt issuance by hyperscalers represents a dramatic jump from pre-Covid levels
80% confidenceMarkets giving Hassett benefit of the doubt but perception that policy favors growth over price stability could risk unanchoring expectations
80% confidenceThere are a couple of other people besides Hassett and Warsh who are great Fed chair candidates
80% confidence