Trump's Potential Successor to Powell Revealed
Trump's Fed Chair Candidate: President Trump has begun interviewing candidates to replace Jerome Powell as Fed chair, indicating he may have already chosen a preferred successor, with Kevin Hassett currently leading prediction markets at a 47% probability.
Hassett's Position and Views: Kevin Hassett, the National Economic Adviser, has publicly expressed his willingness to accept the Fed chair position and advocates for more aggressive rate cuts, positioning himself as a strong contender for the role.
Timing and Strategy: Although Powell's term lasts until May 2026, Trump may opt for a two-step approach by nominating a new Fed governor whose term expires in January, allowing for a gradual transition rather than an abrupt firing.
Monetary Policy Tensions: The upcoming December FOMC meeting is critical, as it will test the balance between aggressive rate cuts favored by Hassett and concerns from other Fed officials about the risks of reigniting inflation.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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