00:00President Donald Trump has trimmed his shortlist for the next Federal Reserve chair to four names, with Kevin Hassett and Kevin Warsh leading the pack.
00:08Hassett, a tax-cut advocate and longtime Trump White House advisor, and Warsh, a former Fed governor, represent divergent monetary policy philosophies.
00:18The decision will have a major impact on interest rates, inflation, and Fed independence, and observers note that this choice could shape U.S. economic direction for years to come.
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