Story perspectives

Trump's Fed Nominee Sparks Market Reactions and Political Stakes

12/1/2025

Summary

Story summary

U.S. President Donald Trump may nominate a successor to Federal Reserve Chairman Jerome Powell.
Futures for major indices fell slightly as investors reassess the outlook.
The S&P 500 is projected to reach 7,000 by year-end 2025, needing 2.2%.
Investors anticipate a quarter-point rate cut at the Fed's upcoming meeting.
A Tennessee election between Republican Matt Van Epps and Democrat Aftyn Behn could affect the GOP's House majority and affordability initiatives.

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Story summary

U.S. President Donald Trump may nominate a successor to Federal Reserve Chairman Jerome Powell.
Futures for major indices fell slightly as investors reassess the outlook.
The S&P 500 is projected to reach 7,000 by year-end 2025, needing 2.2%.
Investors anticipate a quarter-point rate cut at the Fed's upcoming meeting.
A Tennessee election between Republican Matt Van Epps and Democrat Aftyn Behn could affect the GOP's House majority and affordability initiatives.