Who to watch in the upcoming Fed meeting

• President Trump is expected to announce his choice for the next Fed Chair this week, with Rick Rieder's chances reportedly surging.
• Fed Governor Christopher Waller is in a 'Catch-22' position, needing to balance his independent stance on rates with President Trump's preference for lower rates to aid his candidacy.
• Future Fed rate cuts are contingent on either convincing progress towards 2% inflation or a significant crack in the labor market, such as rising unemployment.

The discussion revolves around President Trump's impending decision for the next Federal Reserve Chair, with an announcement expected this week. Current Fed Governor Christopher Waller faces a 'Catch-22' regarding his vote on interest rates, as Trump prefers a chair aligned with lower rates. The broader outlook for Fed rate cuts depends on either significant progress in lowering inflation or a weakening labor market.