'Any' Fed chair will cut rates next year if this happens

According to the Wall Street Journal, President Trump hinted last week that he is leaning toward former Federal Reserve Governor Kevin Warsh or National Economic Council director Kevin Hassett as his nominee for the next Fed chair when current Chair Jerome Powell's term ends in May 2026. PNC Financial Services Group chief economist Gus Faucher and UBS Global Wealth Management head of taxable fixed income strategy Leslie Falconio join Market Catalysts host Julie Hyman to discuss how the next Fed chair could influence interest rates next year and what that could mean for markets (^DJI, ^GSPC, ^IXIC) and bonds (^FVX, ^TNX, ^TYX). To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.