WSJ: Hassett is almost certain to be the next Fed chairman
On December 2, according to the WSJ, although the selection of the Fed chairman is still ongoing, Trump has almost locked in his long-time advisor and current Director of the National Economic Council, Kevin Hassett. Sources say that Hassett is clearly leading among the final five candidates due to his high loyalty to Trump and acceptance in the market. This year, Hassett has repeatedly attacked the Fed alongside Trump, accusing it of being "partisan" and "not cutting rates quickly enough." Fed Chairman Powell will step down in May next year.
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WSJ: Hassett is almost certain to be the next Fed chairman
On December 2, according to the WSJ, although the selection of the Fed chairman is still ongoing, Trump has almost locked in his long-time advisor and current Director of the National Economic Council, Kevin Hassett. Sources say that Hassett is clearly leading among the final five candidates due to his high loyalty to Trump and acceptance in the market. This year, Hassett has repeatedly attacked the Fed alongside Trump, accusing it of being "partisan" and "not cutting rates quickly enough." Fed Chairman Powell will step down in May next year.