US EditionHassett Says He'd Serve as Fed Chair if Trump Picks Him
Kevin Hassett, seen as dovish and aligned with Trump’s rate-cutting goals, leads betting markets as Trump plans to name the next Federal Reserve chair before Christmas.
- President Donald Trump could name a successor before Christmas, Bessent told CNBC as he finished interviews and said, `I don't think it would be prudent to give any hints and I think that there's a very good chance the president makes an announcement before Christmas.`
- Amid that pressure, advisers view Kevin Hassett as a candidate aligned with the administration's push for lower rates and a former Council of Economic Advisers chair who helped shape the Tax Cuts and Jobs Act of 2017.
- Polymarket odds jumped to 57% after a Bloomberg report, lifting Hassett’s lead as of November 25th, while Matthew Ryan and David Morrison warned investors about currency and bond risks.
- Confirming a new chair still requires Senate approval, keeping the process uncertain; a Hassett appointment could steer the Fed toward lower borrowing costs and altered dollar dynamics.
- If confirmed, Hassett's approach would align with the White House aim to simplify the Fed's role, with Scott Bessent emphasizing a less prominent Fed and a gentler stance benefiting emerging markets through a weaker U.S. dollar.
82 Articles
82 Articles
Trump Says He’s Chosen Powell’s Successor at the Fed
President Donald Trump announced Sunday that he has chosen whom he’ll nominate to replace Federal Reserve Chairman Jerome Powell, whose term expires in May. Trump has had a longstanding dispute with Powell over the Fed’s refusal to cut interest rates more aggressively. “I know who I am going to pick, yeah. We’ll be announcing it,” Trump told reporters on Air Force One. When asked whether the replacement would be National Economic Council Directo…
The American president knows who he wants to nominate as the successor to Jerome Powell, but does not reveal any names. However, the matter is clear in the betting offices.
A Fed Chair the Markets Will Love
Let the market roar.After what seems to have been an endless series of auditions, President Donald Trump looks close to nominating a successor to Federal Reserve chairman Jerome Powell. If the reports are correct that it will be Trump’s top economic adviser Kevin Hassett—who said this weekend that he’d be happy to serve—the markets have lots of reasons to cheer in the short term and, quite possibly, lots to worry about in the longer run.Of all t…
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