Hassett Speculated for Fed Chair, Market Reacts Positively
Update: 2025-11-30
Description
Kevin Hassett, former White House economic advisor, is reportedly a strong contender for the next Federal Reserve chair. Despite denying being the front-runner, Hassetts close ties to Trump and the markets positive response to his potential nomination have raised concerns about the Feds independence. Trump is seeking a chair who will more aggressively pursue rate cuts, with potential candidates including Hassett, Waller, Bowman, Warsh, and Rieder. The selection process is expected to conclude before Christmas.
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