{"id":43,"date":"2025-10-02T12:17:38","date_gmt":"2025-10-02T12:17:38","guid":{"rendered":"https:\/\/jon-hilsenrath.ledewire.com\/?p=43"},"modified":"2025-12-02T12:26:31","modified_gmt":"2025-12-02T12:26:31","slug":"fed-succession-a-little-more-inflation-risk-premium","status":"publish","type":"post","link":"https:\/\/jon-hilsenrath.ledewire.com\/?p=43","title":{"rendered":"FED SUCCESSION: A LITTLE MORE INFLATION RISK PREMIUM"},"content":{"rendered":"\n<p>President Trump says he&#8217;s made his decision about a successor to Jerome Powell as Fed chairman. News reports suggest this person is Kevin Hassett, the chair of the National Economic Council, a close and loyal ally of the president. Here is the bond market reaction today &#8212; a higher yield, which suggests the market is pricing in a little more inflation risk with the news. Still, a 10-year yield near 4% is exceptionally low, when you consider the U.S. is running inflation above the Fed&#8217;s 2% target and budget deficits remain near $2 trillion.Activate to view larger image,<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D4E22AQHf24Xco6zKXA\/feedshare-shrink_1280\/B4EZrawOAhIoAw-\/0\/1764606665184?e=1766016000&amp;v=beta&amp;t=6yoeI1L8jLn0Yuk9uOSHOEHuhOqFR_5nzzjD__R_IL8\" alt=\"chart, line chart\"\/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>President Trump says he&#8217;s made his decision about a successor to Jerome Powell as Fed chairman. News reports suggest this person is Kevin Hassett, the chair of the National Economic Council, a close and loyal ally of the president. Here is the bond market reaction today &#8212; a higher yield, which suggests the market is&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ledewire_sync_enabled":true,"_ledewire_price_cents":98,"_ledewire_teaser":"","_ledewire_use_excerpt":true,"_ledewire_paywall_enabled":true,"_ledewire_content_id":"17f3ea7b-348a-4935-bb21-3621968928fa","_ledewire_sync_status":"synced","_ledewire_last_sync":"2025-12-02 12:26:32","_ledewire_error_message":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-43","post","type-post","status-publish","format-standard","hentry","category-inflation-trends"],"ledewire_meta":{"sync_enabled":"1","price_cents":"98","teaser":"","use_excerpt":"1","paywall_enabled":"1","content_id":"17f3ea7b-348a-4935-bb21-3621968928fa","sync_status":"synced","last_sync":"2025-12-02 12:26:32","error_message":""},"_links":{"self":[{"href":"https:\/\/jon-hilsenrath.ledewire.com\/index.php?rest_route=\/wp\/v2\/posts\/43","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jon-hilsenrath.ledewire.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jon-hilsenrath.ledewire.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jon-hilsenrath.ledewire.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jon-hilsenrath.ledewire.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43"}],"version-history":[{"count":1,"href":"https:\/\/jon-hilsenrath.ledewire.com\/index.php?rest_route=\/wp\/v2\/posts\/43\/revisions"}],"predecessor-version":[{"id":44,"href":"https:\/\/jon-hilsenrath.ledewire.com\/index.php?rest_route=\/wp\/v2\/posts\/43\/revisions\/44"}],"wp:attachment":[{"href":"https:\/\/jon-hilsenrath.ledewire.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jon-hilsenrath.ledewire.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jon-hilsenrath.ledewire.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}