As regime change looms at the Fed, one candidate emerges as frontrunner for chair

Key Points

National Economic Council Director Kevin Hassett has been dubbed the clear favorite for the next Federal Reserve chair.
Asked Sunday about the situation, Trump told reporters aboard Air Force One, “I know who I am going to pick, yeah. We’ll be announcing it.”
Whomever the actual pick is will take over a Fed that is currently torn over the future course of interest rates and is facing calls for aggressive reforms.

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