Last week, President Donald Trump said, “I think the two Kevins are great.”

Trump was referring to Kevin Warsh, a former governor of the Federal Reserve Board, the Fed, and Kevin Hassett, the head of Trump’s National Economic Council. The financial markets believe that Trump will select one of these two men as the next Fed chairman. At the moment, betting markets favor Warsh. But with Trump, no one ever knows.

Hassett would be a poor choice. He is a longtime Trump ally. He is an outspoken advocate of unconventional policies, including tariffs. Recently, individuals close to Trump have pushed back on the idea of naming Hassett as the next Fed chairman. Market participants see Hassett as too inclined to bow to the wishes of Trump. Financial experts know that when a president becomes overly 

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