Hassett's Fed Chair Bid Faces Unexpected Challenges
Update: 2025-12-15
Description
The race for the next Federal Reserve chair is heating up, with new developments shaking up the frontrunner status. Kevin Hassett, once considered almost a sure thing, is now facing unexpected pushback from influential figures close to President Trump. This has led to a shift in the perceived likelihood of who might take the top spot. Earlier this week, interviews with potential candidates were reportedly canceled, only to be rescheduled later for some, including former Fed Governor Kevin Warsh. President Trump himself added to the intrigue by telling the Wall Street Journal that Warsh had moved up the list of candidates, alongside Hassett. The main concern regarding Hassett is that he might be seen as too closely aligned with the president, which could negatively impact the bond market. Despite this pushback, Hassett still holds a slight lead in prediction markets, though his odds have decreased significantly. The situation remains dynamic as the decision approaches.
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