Trump Eyes Kevin Hassett for Federal Reserve Leadership

In a surprising revelation from the White House, President Donald Trump hinted at the possibility of appointing Kevin Hassett, the current Director of the United States National Economic Council (NEC), as the next Federal Reserve Chair. This comes amidst ongoing speculation about the future of Jerome Powell, the current Fed Chair, with Trump not ruling out the option of replacing him.

Trump's Remarks on Federal Reserve's Leadership

During his address, Trump praised Hassett as a potential candidate the administration "could consider" for the pivotal role. However, he also took a moment to commend Scott Bessent, the United States Treasury Secretary, for doing a "great job," adding another layer to the speculation surrounding the Fed's leadership.

The Fed Chair's Role According to Trump

Trump downplayed the responsibilities of the Federal Reserve Chair, calling it "probably the easiest job I have ever seen," due to the monthly decision-making on monetary policy. He also noted the high interest in the position, stating, "There are so many people who want that job."