Key Takeaways
- Top Contender: White House National Economic Council Director Kevin Hassett is the leading candidate to be the next chair of the Federal Reserve.
- Close Ally: President Donald Trump’s advisers and allies view Hassett as a trusted figure whom the president knows well.
- Policy Alignment: Hassett is seen as someone who would implement President Trump’s desired interest rate-cutting approach at the central bank.
- Final Stages: The search for a new leader for the US central bank is now in its final weeks.
Washington D.C. — As the search for the next leader of the Federal Reserve nears its conclusion, Kevin Hassett has emerged as the clear frontrunner, according to sources familiar with the ongoing discussions. Hassett, who currently serves as the White House National Economic Council Director, is widely seen by President Donald Trump’s advisers and allies as the top choice for the powerful role.
A Trusted Voice for the Top Job
President Trump would gain a close and trusted ally at the helm of the independent central bank with Hassett’s appointment. People close to the matter, who spoke on the condition of anonymity, highlighted that the president’s personal trust in Hassett is a significant factor in his candidacy. This long-standing relationship is seen as a key reason why Hassett has pulled ahead in the selection process.
Potential Shift in Monetary Policy
The potential appointment of Hassett signals a significant move to align the Federal Reserve’s policies more closely with the White House’s economic agenda. For years, President Trump has expressed a desire for more control over the central bank, particularly advocating for lower interest rates to stimulate economic growth.
According to insiders, Hassett is viewed as the candidate most likely to bring the president’s rate-cutting philosophy to the Fed. Such a move would have profound implications for the U.S. economy and the traditional independence of the central bank, which has historically operated free from direct political influence to maintain economic stability.
With the decision-making process entering its final weeks, the focus on Kevin Hassett intensifies, suggesting a new era of monetary policy could be on the horizon. His potential leadership at the Fed would be closely watched by markets and policymakers around the world.
Image Referance: https://www.bloomberg.com/news/articles/2025-11-25/hassett-emerges-as-frontrunner-in-trump-fed-chair-audition