President Trump implies Kevin Hassett will not be the choice for Fed chair

Summary

CNBC breaking-news segment discusses President Trump's comment suggesting he wants to keep Kevin Hassett in his current role, which caused Hassett's odds of becoming Fed chair to plunge. The panel notes Kevin Warsh's odds jumped to 59% and says Christopher Waller's odds could also rise. They outline the timing of a potential Fed chair announcement and review Warsh's background and shifting monetary views.

• Trump says he wants to keep Kevin Hassett in his current post.
• Kevin Hassett's odds of becoming Fed chair fall sharply.
• Kevin Warsh's odds rise to 59%.
• Christopher Waller's odds may rise if he remains in the running.
• A Fed chair announcement could come soon, tied to Stephen Miran's governor seat.
• Warsh has Fed and hedge fund experience and is respected on the right.
• Warsh has softened past hawkish views and criticized the Fed's structure.