Trump Advisor's Proposal Of 'Shadow Fed Chair' Turning Jerome Powell Into A Lame Duck Gets Slammed By Economist Claudia Sahm: 'What Could Possibly Go Wrong? Everything!'
Portfolio Pulse from Shivdeep Dhaliwal
Economist Claudia Sahm criticized a proposal by Trump advisor Scott Bessent to establish a 'shadow Fed chair,' potentially undermining current Federal Reserve Chair Jerome Powell. The plan aims to nominate a new Fed chair in 2025, turning Powell into a 'lame duck.' This proposal comes amid Trump's disapproval of recent Federal Reserve actions and his previous assurance not to displace Powell before his term ends.
October 10, 2024 | 3:15 am
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JPMorgan Chase & Co CEO Jamie Dimon is considered for Treasury Secretary if Trump wins the election. This could impact JPM's leadership and strategy.
The mention of Jamie Dimon as a potential Treasury Secretary could lead to speculation about leadership changes at JPMorgan Chase, affecting investor sentiment. However, this is contingent on election outcomes and future appointments.
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