Trump Picks Next Fed Chair, Keeps Name Secret Amid Rate Pressure Concerns

• President Trump has decided on the next Federal Reserve chair but declined to reveal the name, sparking concerns over the central bank's independence.
• Trump is pushing for lower borrowing costs and has previously criticized current chair Jerome H. Powell over interest rates.
• Potential contenders include Kevin A. Hassett, Kevin M. Warsh, and Christopher J. Waller, all positively mentioned by Trump.
• The nominee faces pressure to support lower rates, raising fears of political influence over the Fed's policy decisions.
• Markets are closely watching, as a politically compliant chair could impact Treasury yields and the dollar, affecting long-term borrowing costs.

Why It Matters: Trump's secret Fed chair pick fuels fears over central bank independence and future interest rate policy.