Kevin Hassett Sparks a Crypto–Bond Market Split as Fed Race Heats Up

Kevin Hassett’s rise as the leading contender to replace Jerome Powell in 2026 has triggered an unusual divide across financial markets: crypto traders are cheering, while bond investors are warning of destabilizing rate cuts. The split is sharpening as new reports detail private concerns raised to the US Treasury. Bond Markets Warn of Aggressive Cuts Bond investors have privately told the Treasury Department that they are concerned Hassett would push for rapid, politically aligned rate cuts, according to the Financial Times. The discussions, held in November with Wall Street banks, major asset managers, and members of the Treasury Borrowing Advisory Committee, revealed a consistent fear: a Hassett-led Fed may prioritize the administration’s preferences over inflation control source: https://beincrypto.com/kevin-hassett-fed-chair-crypto/