Hassett Speculated for Fed Chair, Market Reacts Positively

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.