President Trump said last Tuesday that he will announce his selection for the new Fed Chair in early 2026. Bloomberg reported last week that National Economic Council Director Kevin Hassett is seen as the likely choice to succeed Powell. The Fed’s independence would come into question, as Hassett supports President Trump’s approach to cutting interest rates at the Fed.Today’s Chinese trade report was mixed as China’s Nov exports rose +5.9% y/y, stronger than expectations of +4.0% y/y. However, Nov imports r ...