- Kevin Hassett is now the frontrunner to replace Jerome Powell as Fed chair, per Bloomberg.
- Trump reportedly sees Hassett as aligned with his push for aggressive rate cuts.
- The White House says the final decision remains unknown, but momentum is building.
Kevin Hassett, director of the White House National Economic Council, is now widely viewed as the top contender to replace Jerome Powell as the next Federal Reserve chair. According to Bloomberg, multiple sources familiar with the selection process say President Donald Trump increasingly favors Hassett because he aligns closely with the administration’s push for lower interest rates.
Trump Wants a Fed Chair Who Supports Deep Rate Cuts
The search for a new central bank leader is in its final stretch, and Hassett is emerging as the candidate Trump trusts most to steer the Fed in a direction consistent with his economic priorities. Insiders say Trump believes Hassett would bring a more aggressive, pro-growth rate-cutting philosophy to an institution that has often resisted such pressure.
Hassett, long aligned with Trump’s views on easing monetary policy, has reportedly impressed the president with his loyalty and his willingness to publicly support deeper rate reductions — something Trump has repeatedly demanded.
White House Plays It Coy, But Momentum Builds
Despite the growing chatter, the White House is keeping its public messaging tight. Press Secretary Karoline Leavitt issued a brief statement saying, “Nobody actually knows what President Trump will do until he does it. Stay tuned!”
Still, officials close to the process say the decision could come within weeks, and Hassett’s name is surfacing with increasing frequency among administration insiders and financial market observers.
