White House Economic Advisor Kevin Haset speaks in the Oval Office of the White House in Washington, DC, US, 2025 next to US President Donald Trump.
Lih Millice | Roots
According to respondents of a special Jackson Hole version of the CNBC Fed survey, President Donald Trump will tap his top economic advisor Kevin Haset as the next Fed chair. But when he was asked who the President should choose, Haset secured a far away position.
National Economic Council Director Husset strongly led Pack Asked who will choose the current 11 names. He was followed by Fed Governor Christopher Waller and former Fed Fed Governor Kevin Warash.
But when asked when the president was “selected”, Warish took the number 1, followed by Waller and former St. Louis Fed President James Bullard. Fed Vice President Mitchell Boman was in fifth place after supervision.
Senior Global Market Strategist Richard Steinberg, along with Focus Partners Wealth, said, “I think Trump’s familiarity with the job he had done during the epidemic makes him a high candidate for Trump, which said that Focus Partners Partners Welfare said Senior Global Market Strategist Richard Steinberg.
Ensuring that the asset is eligible, Alan Sainai of the decision economics said that he is worried Completed freedom If he gets a job.
Sinai said, “Politics of low interest rates due to political reasons – a very strong approach and push by the Trump administration – a macro risk if it is seen as an acquisition by the administration in the markets,” Sinai said.
In the survey, 41% of the respondents feel that the next Fed will conduct monetary policy independently from the President and 37% said it would be in coordination; 22% were uncertain.
Trump has worked hard to cut rates for the fed, Repeatedly insulting PowellBut Powell and Federal Open Market Committee has so far opposed tariffs due to concern over potential inflation.
Both Boman and Wallar dissatisfaction In July, in favor of a rate cut.
The responsers of the survey cut two rates from the fed this year — in September and December-but also high inflation.
Forecast for Consumer Price Index 12 months inflation rate This year is approximately 3% and 2.9% in 2026, suggesting the Fed that the fed will have to deal with the upper-targeted inflation for some time. Nearly two-thirds of respondents believe that the “adequate” effect on tariffs on inflation is yet to come.
“Fed is caught between a rock and two difficult places,” said Richard Bernstein Advisors CEO Richard Bernstein. “Political pressure and fiscal incentives are coming to cut rates.
As a result, the price cut in the poly rate may not be as much as its Jackson Hole, Wyo in the markets. Hope is expected in the speech. The Fed gathers for a seminar on each August, which has no vote on, but the chair traditionally gives a main speech that often indicates what is further.
About 70% of the respondents feel that the Fed Chair will be neutral in their comments with 14%, believing that he would be subjected. Another 14% thinks that he will not even discuss monetary policy or economic approach.
Douglas Gordon, managing director of Russell Investments, said, “Powell’s comments in Jackson Hole may currently be more balanced than the market as they need to weigh two risks for employment for employment and two risks for inflation.”
Powell may discuss Fed’s effort to re -look at his long -term strategy, with some expectation he addresses Fed’s controversial average inflation targeting.
Responsibles are divided on how to fix the central bank or does it need fixing. Just 11% states that the fed process of making monetary policy requires major improvements with 85%, stating that it does not require either minor or low improvement.
On specific issues, 41% of the plurality says that the Fed should get rid of the dot plot where the Fed officials anonymously indicate personal forecast for the fund rate. But 37% say maintain it, with another 19%, saying that it should be placed with individual forecasts associated with the rate of rate.
When it comes to the target of 2% inflation, 52% want to maintain it, but 44% want the Fed to adopt the range of about 1.4% to 2.7%.
The average inflation of a 44% plurality fed wants to eliminate targeting, while 37% want to keep it.
In average inflation targeting, the Fed takes care of the former misses in killing its goal, and may tolerate high inflation for some time for inflation following the target in previous years. Some have said that this made the Fed more tolerant of inflation during the epidemic and slowed down his decision to tighten the policy.
