US EditionTrump Set to Announce Federal Reserve Leader
Kevin Hassett supports rate cuts and a nonpartisan Fed focused on monetary policy, citing AI-driven supply growth to ease inflation, according to his recent statements.
- Yesterday, President Donald Trump prepared to announce Kevin Hassett, director of the National Economic Council, as his preferred choice to replace Jerome Powell amid the Federal Reserve meeting for its next rate decision.
- Hassett has signaled he would accept the chair role if chosen, telling advisers there is "for sure" more room for rate cuts now and ahead, Fox & Friends Weekend reported earlier this month.
- He proposed evaluating or cutting economists and Federal Reserve research divisions and replacing Regional Fed presidents to refocus on bank regulation and monetary policy.
- Accountability measures include Kevin Hassett's call for a new Fed chair to investigate performance, as he criticized Jerome Powell's leadership and cited expectations from the American people and the president.
- Drawing on macro trends, Kevin Hassett said an AI productivity shock and 18 trillion in new factories will raise aggregate supply, easing inflation by putting downward pressure on prices.
12 Articles
12 Articles
Federal Reserve's Rate Cut Won't Do Harm, But Its Next Chair May Be Ruinous
Yesterday the Federal Reserve cut the federal funds rate — the interest rate on overnight loans between banks, which the Fed effectively controls — by a quarter point. There are four things you should know about that cut:· Although Donald Trump has been screaming at the Fed, demanding big rate cuts, there isn’t actually a compelling case for cuts right now· On the other hand, this cut is unlikely to do any harm· In fact, Fed policy over the next…
The 63-year-old could soon lead the Fed, the world's most important central bank. Whether or not he succeeds depends on whether he can reliably distance himself from Trump.
New Hampshire Union Leader
The Washington PostTrump economic adviser Kevin Hassett leads in the race to be Fed chair
Kevin Hassett, a top economic adviser to President Donald Trump, is emerging in the pole position to replace Jerome H. Powell as head of the Federal Reserve, as the succession race enters a final phase.
Trump Set to Announce Federal Reserve Leader
White House economic adviser Kevin Hassett announced that President Trump will select the new Federal Reserve chair within two weeks. Hassett, a leading candidate for the position, cited the possibility of a 50 basis point adjustment, underscoring the potential impact of recent stronger economic data.
Trump Fed chair frontrunner Kevin Hassett hints at comprehensive Federal Reserve overhaul
Kevin Hassett is signaling he’s ready to shake up the Federal Reserve.In an interview with FOX Business’ Larry Kudlow on Tuesday, the National Economic Council director – and Fed chair frontrunner – openly hinted he would overhaul key parts of the Federal Reserve and scrutinize everything from the Fed’s research divisions to its regional presidents."The point is the Fed should be focused on monetary policy and to try to stay out of politics," Ha…
The US Federal Reserve is discussing a possible cut in interest rates. Political pressure from President Trump and internal disagreement are creating tensions that could threaten confidence in the Fed.
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