Traders have moved on a report that President Trump is again weighing a shake-up at the central bank that could undermine market confidence.

President Trump is reportedly reviving deliberations about a move that could undercut the influence of Jay Powell, the Fed chair.Carlos Barria/Reuters

Andrew here. There are two big stories dominating Wall Street right now. One is a report that President Trump may resurrect the idea of creating a shadow Fed chair by announcing Jay Powell’s replacement long before his term ends. We examine some of the potential names and scenarios.

And many corporate leaders remain preoccupied with trying to come up with a candidate to oppose Zohran Mamdani for New York mayor, an effort they’re willing to spend millions on. My colleagues and I go inside the conversations.

The return of the “shadow Fed chair”?

President Trump’s ire at Jay Powell,

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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