“Choosing a new Fed chair does not interfere with ongoing work,” says Powell | Finance

The leading candidate for the position is White House economic adviser Kevin Hassett, a figure seen by the market as someone who aligns with the wishes of US President Donald Trump, in seeking a more flexible monetary policy. Hassett has said several times in recent days that it is still possible to lower interest rates.

The Republican has already said he will announce the next Fed chairman before the end of the year and has hinted, several times, that Hassett will be chosen. In this context, this could be Powell’s last meeting without being considered a “lame duck” – a phrase used in the market to talk about someone who loses relevance at the end of their term.

Powell also decided not to comment on the lawsuit between Trump and director Lisa Cook. The US Supreme Court will decide whether the Republican’s attempt to fire her is valid. “We are not legal commentators; the matter is before the Supreme Court.”