Officially, the search for a new Federal Reserve chair is still under way. Unofficially, the process seems to be all but over, with President Trump appearing to favor Kevin Hassett.

The search for a new Federal Reserve chair appears to be nearing its conclusion, with President Trump reportedly favoring Kevin Hassett for the position. Although interviews are still ongoing, Hassett is seen as a candidate who has the president's trust and could provide credibility to the markets.