Kevin Hassett has become the main contender for the post of Fed chairman
Kevin Hassett, who heads the White House's National Economic Council (NEC), has emerged as the main candidate for the post of chairman of the Federal Reserve System (Fed). It is known that Jerome Powell's term in office will end in May 2026. Sources in the White House confirm that President Donald Trump prefers Hassett's candidacy, which will allow him to influence the independent body.
Source Incrypted
According to analysts, Hassett's election could mean Trump's increased control over the Fed. Hassett, while supporting Trump's views, is also focused on the interests of financial markets, in particular the cryptocurrency sector, in which he has invested. This may indicate that he will defend the interests of big business during the Fed's operation.
It is currently unknown whether Hassett will actually become the new Fed chairman. Trump may choose another candidate, and the financial world is watching with great interest. The choice of a new Fed chairman will affect the country's economic policy in the coming years.
