Donald Trump has effectively narrowed down his search for the next Federal Reserve Chairman to Kevin Hassett, whose appointment is favored by markets and has raised concerns among bond investors and bank executives.Scott Bessent, overseeing the selection, has highlighted the limited sole authority of the Fed Chair, while Jerome Powell has warned of committee divisions impacting interest rate decisions.The situation has prompted market reactions, including a dip in the U.S. dollar and
Treasury bond yield fluctuations, amid ongoing speculation about monetary policy changes.