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Race to Replace Powell Narrows in on Kevin Hassett

Race to Replace Powell Narrows in on Kevin Hassett

Author:

Global Cryptocurrency

Published:

2025-11-25 23:14:02

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BTCCSquare news:

White House National Economic Council Director Kevin Hassett has emerged as the leading candidate to succeed Federal Reserve Chair Jerome Powell, according to sources close to President Trump. Powell's term ends in May 2026, but his tenure has faced sharp criticism from TRUMP for delayed rate cuts and the Fed's costly headquarters renovation.

Hassett, viewed favorably by Trump allies, is expected to align with the President's push for faster rate reductions. Treasury Secretary Scott Bessent indicated the selection process is advancing, with a potential nominee announcement before Christmas. Polymarket data shows Hassett holding a 54% probability for the nomination.

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