Trump says he’ll pick a new Fed chair very soon. What a ‘shadow chair’ would mean for the stock market.

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There are expectations the next Fed chief — no matter who it is — will lean toward lower rates, but one analyst stresses markets ‘can be pretty disciplining’

Published: June 12, 2025 at 4:23 p.m. ET

President Donald Trump has set off a fresh round of worrying about his approach toward the Federal Reserve with his statement that his pick for the next Fed chair is “coming out very soon.”

Trump, who made that statement last Friday while speaking with reporters, also said he has a “pretty good idea” of who he’s considering for the post, though he didn’t reveal any names.

About the Author

Victor Reklaitis is a Washington Correspondent for MarketWatch. During his time at MarketWatch, he also has served in roles in the London and New York newsrooms. Prior to joining MarketWatch, he worked at Investor’s Business Daily and for newspapers in Virginia.

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