Trump May Drop Hassett Nomination, Kevin Warsh Leads Predictions for Next Fed Chair
PANews reported on January 19 that White House economic advisor Hassett hinted that he is more likely to remain in his current position and has basically withdrawn from the competition for Federal Reserve Chair. According to Kalshi and Polymarket data, former board member Kevin Warsh's probability of being selected has risen to about 60%, ahead of Hassett (15%–16%) and current board member Waller (13%–14%). Powell's term will expire on May 15, and Trump is expected to announce the successor within this month.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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