PANews reported on November 26th that, according to sources, with the selection process for the new Federal Reserve Chairman entering its final weeks, White House National Economic Council Director Kevin Hassett is considered the frontrunner among President Trump's advisors and allies. Sources indicated that if Hassett were appointed, Trump would be able to place a close ally he knows and trusts within the Fed. Some also stated that Hassett is seen as someone who can bring Trump's interest rate-cutting philosophy to the Fed, which is precisely the direction Trump has long sought to control. However, they also pointed out that Trump is known for his unpredictable personnel and policy decisions, so nothing is certain until the official announcement. Hassett is considered to share Trump's economic views, including the belief that interest rates need to be lowered. In a Fox News interview on November 20th, he stated that if he were the Fed Chairman, he would "cut rates now" because "the data suggests we should."PANews reported on November 26th that, according to sources, with the selection process for the new Federal Reserve Chairman entering its final weeks, White House National Economic Council Director Kevin Hassett is considered the frontrunner among President Trump's advisors and allies. Sources indicated that if Hassett were appointed, Trump would be able to place a close ally he knows and trusts within the Fed. Some also stated that Hassett is seen as someone who can bring Trump's interest rate-cutting philosophy to the Fed, which is precisely the direction Trump has long sought to control. However, they also pointed out that Trump is known for his unpredictable personnel and policy decisions, so nothing is certain until the official announcement. Hassett is considered to share Trump's economic views, including the belief that interest rates need to be lowered. In a Fox News interview on November 20th, he stated that if he were the Fed Chairman, he would "cut rates now" because "the data suggests we should."
The selection process for the Federal Reserve Chair is nearing completion, and Hassett is reportedly the top choice.
PANews reported on November 26th that, according to sources, with the selection process for the new Federal Reserve Chairman entering its final weeks, White House National Economic Council Director Kevin Hassett is considered the frontrunner among President Trump's advisors and allies. Sources indicated that if Hassett were appointed, Trump would be able to place a close ally he knows and trusts within the Fed. Some also stated that Hassett is seen as someone who can bring Trump's interest rate-cutting philosophy to the Fed, which is precisely the direction Trump has long sought to control. However, they also pointed out that Trump is known for his unpredictable personnel and policy decisions, so nothing is certain until the official announcement. Hassett is considered to share Trump's economic views, including the belief that interest rates need to be lowered. In a Fox News interview on November 20th, he stated that if he were the Fed Chairman, he would "cut rates now" because "the data suggests we should."
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