Trump Picks Kevin Hassett as Next Fed Chair Nominee, Signaling Potential Policy Shift

President TRUMP has indicated Kevin Hassett as his likely nominee for Federal Reserve Chair, with an official announcement expected in early 2026. Hassett, currently serving as director of the White House National Economic Council and a former chair of the Council of Economic Advisers, now holds an 81% probability on Polymarket—a sharp rise from 40% in November.

A known pro-growth advocate, Hassett co-authored "Dow 36,000" and champions tax cuts and deregulation. His appointment could steer the Fed toward aggressive rate reductions and diminished independence, aligning with Trump's economic agenda. Analysts anticipate accelerated rate cuts and rule-based reforms aimed at increasing transparency.

Markets are bracing for potential stimulus measures, including tax refunds and monetary easing, which could inject volatility into risk assets. Cryptocurrencies, often sensitive to liquidity expectations, may see heightened speculation as traders weigh the implications of a more accommodative Fed.