Who is Kevin Hassett? Wolfe looks at the Trump ally tipped to become Fed Chair.

The Supreme Court is currently deliberating on its stance regarding the independence of the Federal Reserve, particularly in light of former President Donald Trump's efforts to increase his authority over independent officials. This includes potential actions to dismiss key figures within the Fed, which could significantly impact its operational autonomy.

Many voters who supported former President Trump are feeling the financial strain of rising prices but are reluctant to hold him accountable for the economic challenges they face. This sentiment reflects a disconnect between the realities of inflation and the political narratives surrounding it.

The ongoing battle for Warner Bros. has intensified as former President Donald Trump seeks to influence the regulatory review of Netflix's proposed $72 billion acquisition of the media giant. This move comes amid a competitive landscape where Paramount is also vying for Warner Bros., raising concerns about potential monopolistic practices in the media industry.

JPMorgan CEO Jamie Dimon has publicly expressed his support for Kevin Warsh as a candidate for the Federal Reserve chair position, indicating a preference for Warsh over other contenders such as Kevin Hassett. This endorsement comes amidst ongoing discussions regarding the future direction of U.S. monetary policy and the Fed's leadership.

Former President Donald Trump has named Kevin Warsh and Kevin Hassett as top contenders for the position of Federal Reserve chair, expressing confidence in their capabilities. This announcement comes as Trump prepares to finalize his selection for the role, which is pivotal in shaping U.S. monetary policy.

Former President Donald Trump is reportedly leaning towards nominating either Kevin Warsh or Kevin Hassett to lead the Federal Reserve, as he prepares to finalize his selection for the position. This decision follows ongoing discussions about the future direction of U.S. monetary policy and the role of the Fed in managing economic conditions.

The Federal Reserve has recently cut interest rates for the third consecutive time, lowering the federal funds rate to a range of 3.5% to 3.75%. This decision raises questions about the Fed's capacity for further cuts as rates approach neutral levels, particularly in the context of the economic outlook for 2026.

On the Bloomberg Real Yield program, experts Alexander Wolf from J.P. Morgan Private Bank and Mike Contopoulos from Richard Bernstein Advisors discussed the Federal Reserve's upcoming rate decision, highlighting significant concerns surrounding corporate credit, including AI oversupply and private market distress.