Asking about Kevin Hassett as Fed chair candidate and concerns about political affiliation
Host
Mohamed El-Erian
All five candidates on short list are qualified and reduce concern about purely political appointment
Bank and hedge fund executives prefer Waller over Hassett due to political affiliation
Host
Mohamed El-Erian
Fed chair needs economic content and vision to convince voting members, which Powell has failed to do
Hassett might struggle to make case for rates markedly lower than 3% if economy remains resilient
Host
Mohamed El-Erian
Lower income households under pressure due to affordability issues in both prices and income stability