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.
67 Articles
67 Articles
Kevin Hassett says he would be ‘happy to serve’ if chosen as next Fed chair
National Economic Council Director Kevin Hassett said Sunday he would be "happy to serve" if selected as the next Federal Reserve chair, signaling his openness to succeeding Jerome Powell."President Trump has a whole bunch of great candidates, and I think any one of them would be a big trade-up from where we are," Hassett said on "Fox & Friends Weekend."He added that markets have responded positively as the president nears a decision.SUPREME COU…
Kevin Hassett Says Market Ready for Trump’s Pick
“White House National Economic Council Director Kevin Hassett touted a positive market response to indications that Donald Trump could pick the next Federal Reserve chair before the end of the year — a job that the president’s chief economic adviser is seen as likely to win,” Bloomberg reports.
Hassett Emerges as Frontrunner in Trump Fed Chair Audition
White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.
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