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Story summary
- U.S. President Donald Trump plans to announce next Federal Reserve chair early next year, with Kevin Hassett, National Economic Council Director, as frontrunner.
- Trump's preference for lower interest rates aligns with Hassett's views.
- The Federal Reserve (Fed) faces elevated inflation and a recovering but not robust job market.
- Analysts foresee a cautious Fed approach as regional presidents resist further rate cuts.
- Jerome Powell may remain on the board after May.
