Potential Impact of Hassett's Appointment as Federal Reserve Chair on U.S. Markets

According to BlockBeats, a report from CICC suggests that if Hassett becomes the new Federal Reserve Chair, U.S. Treasury rates and the dollar may initially decline before rising, which could be beneficial for U.S. stocks overall. The timeline indicates that U.S. President Donald Trump will announce the new chair nomination in early 2026. Hassett would first need to be nominated as a Federal Reserve governor and confirmed by the Senate, followed by a nomination for chair and another confirmation. He could officially take over after the current chair, Powell, completes his term in May 2026, potentially leading the June FOMC meeting. The first quarter of next year is crucial for market expectations following the new chair nomination. If Hassett's stance is overly dovish, there is a possibility of U.S. Treasury rates and the dollar temporarily declining beyond expectations. However, as long as this does not significantly breach concerns over "loss of independence," expectations combined with U.S. economic recovery could lead to an upward trend in Treasury rates and the dollar.