00:00It's no secret that Trump is ready for Jerome Powell's replacement.
00:03The real question is, who's it going to be?
00:05There are three main contenders, led by two men named Kevin.
00:08This is Kevin Warsh, a former Fed governor who's the market favorite
00:10and is widely considered to be the independent candidate.
00:13The second Kevin is Kevin Hassett, the architect of the 2017 tax cuts
00:16and is seen as controversial by publicly backing the Powell investigation,
00:20but was already pretty political before that.
00:22And the third candidate is Christopher Waller.
00:24He is a sitting Fed governor with a strong forecasting record
00:27and is widely considered the technocratic option if the process stalls.
00:31In response to the investigation into Jerome Powell,
00:33key Republican senators have said that they won't vote on any Fed candidate.
00:37Trump is going to be at Davos this week,
00:38and there's a chance that he could announce the new Fed chair there.
00:41And the reveal could shed light on how far Fed independence is willing to go.
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