Wall Street mogul Tudor Jones: Trump will choose a "super dove" Federal Reserve chairman, Bessenet becomes the top choice

On Wednesday, billionaire investor and founder of Tudor Investment, Paul Tudor Jones, stated that Trump is likely to appoint a "very dovish" Federal Reserve chairman to align with his policy direction aimed at promoting economic growth.

The current Federal Reserve Chairman Jerome Powell's term will end in May 2026. Jones pointed out that U.S. Treasury Secretary Janet Yellen may be Trump's top choice for the successor.

Jones believes that although Yellen and former Federal Reserve Governor Kevin Warsh are both excellent candidates, Trump's obsession with economic growth and high regard for personal loyalty make Yellen the standout candidate.

Jones manages Tudor Investment, a globally renowned macro hedge fund, with current assets under management of approximately $16 billion.

Jones: The "Big Beautiful Plan" will pose a threat to the stock and bond markets

He also warned that the "Big Beautiful Plan" promoted by Trump, while cleverly packaged, will pose a threat to the stock and bond markets in the future and may prompt the Federal Reserve to cut interest rates within the next 12 months.

Jones stated:

“The ‘Big Beautiful Plan’ is really interesting; the name is genius in terms of branding. So what is the opposite of the ‘Big Beautiful Plan’? If you want to balance the budget, it might be the ‘Big Beastly Bill’.”

Jones also mentioned:

“If I were Trump, the first thing I would do is appoint the most dovish central bank official to push for interest rate cuts.”

“Then, I would advocate for a package of tightening policies, including tax increases on high-income individuals, and significant cuts to social security, Medicaid, and defense spending.”

“I would also push to lower interest rates to 2.5%, and eventually the market will force you to do so.”

“One day, the bond market will see through the governments' bluster on debt issues.”

According to a previous article from Wall Street Journal, Trump stated last Friday that he would soon appoint a successor to the current Federal Reserve Chairman Powell, although formal interviews for the next Fed chairman have not yet begun.

Some advisors from both inside and outside the Trump administration are pushing for Yellen to be the next Federal Reserve chairman. In response, Yellen stated, “I have the best job in Washington. The president will decide who is best for the U.S. economy and the people.”

However, the White House later refuted media reports about Yellen potentially being a candidate for the next Federal Reserve chairman.

On Wednesday, the U.S. released May's core CPI data, which was below market expectations. Trump stated that the Federal Reserve should cut interest rates by one percentage point. Yellen praised Trump's policies for significantly improving U.S. CPI and stated that Trump has challenged decades of trade status quo