‘Developing a Consensus’ Key for Incoming Fed Chair

President Donald Trump has indicated that Kevin Hassett and Kevin Warsh are his top choices to lead the US Federal Reserve to take over for current chairman Jay Powell. The president has indicated he wants the next leader of the central bank to more aggressively cut interest rates as he looks to push down mortgage costs. Bloomberg’s Michael McKee joined Carol Massar and Tim Stenovec on ‘Bloomberg Businessweek Daily’ to break down the Fed’s 2026 outlook amid an impending announcement for a new chair. (Source: Bloomberg)