Kevin Hassett Emerges as Leading Candidate for Federal Reserve Chair

According to BlockBeats, Kevin Hassett, the Director of the White House National Economic Council, is reportedly the top candidate for the position of Federal Reserve Chair as the selection process nears its final weeks. Sources indicate that U.S. President Donald Trump views Hassett as a trusted ally, which could influence his decision to appoint him to the Federal Reserve. Hassett is perceived by some as someone who could bring Trump's interest in rate cuts to the Federal Reserve, aligning with Trump's long-standing desire to influence monetary policy. Hassett's economic views are said to closely align with Trump's, including the belief that interest rates should be lowered. Despite Hassett's strong candidacy, sources caution that Trump is known for making unexpected personnel and policy decisions, leaving the final outcome uncertain until an official announcement is made. Hassett recently expressed his stance on interest rates during a Fox News interview on November 20, stating that he would implement rate cuts if he were the Federal Reserve Chair, citing data that supports such a move.