By Saqib Iqbal Ahmed NEW YORK (Reuters) -As President Trump narrows his shortlist for the next Federal Reserve chair, investors and strategists are closely analyzing the range of possible market reactions to each potential nominee poised to replace Jerome Powell when his term is over.

MSCI's global equities stumbled, and the U.S. dollar gained after Fed chair Powell signaled no imminent rate cuts. With Trump's tariff actions, copper prices plummeted, while oil saw a slight increase amid geopolitical tensions.

Federal Reserve Governor Christopher Waller is emerging as a top candidate to serve as the central bank’s chair among President Donald Trump’s advisers as they look for a replacement for Jerome Powell,

Treasury Secretary Scott Bessent is not one of them. Two under consideration are Kevin Hassett and Kevin Warsh.