Next Fed Chair Needs to 'Earn the Market's Trust,' Says DB's Luzzetti
The article discusses the upcoming selection of the next Chair of the Federal Reserve by President Donald Trump, which is expected to be announced in early January. According to Deutsche Bank Chief US Economist Matthew Luzzetti, the new Fed Chair will need to "earn the market's trust" and bring inflation back down to target. The two frontrunners for the position are reported to be National Economic Director Kevin Hassett and former Fed Governor Kevin Warsh. Luzzetti also commented on the current state of the US labor market. The article provides insights into the priorities and challenges the next Fed Chair is likely to face in managing monetary policy and maintaining market confidence.
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