Media: Kevin Hassett Became Leading Contender for Fed Chair Position

• According to Bloomberg, Kevin Hassett has become the main contender for the position of the head of the Fed.
• He heads the White House NEC, is a supporter of Trump and his policies.
• Thus, the head of state would get a lever of pressure on the independent Fed.

The head of the National Economic Council (NEC) of the White House Kevin Hassett became the main contender for the position of the next head of the Federal Reserve System (Fed) of the United States. This is reported by Bloomberg with reference to its sources.

Recall, the term of office of the current Chairman of the Fed Jerome Powell expires in May 2026. In late October 2025, it was reported that Treasury Secretary Scott Bessent selected a list of five candidates for his post, including both Hassett himself and two current members of the Fed.

The publication’s sources in the White House noted in a commentary for Bloomberg that directly President Donald Trump himself is leaning toward Hassett’s candidacy. He expects thus to get a close ally in an independent body of state power.

At the same time, Trump may make an unexpected decision by choosing someone else. This was also confirmed by spokeswoman Caroline Leavitt:

Hassett himself has previously stated that he would agree to lead the Fed if offered the position. He also supported the thesis that the central bank should at least listen to the president’s opinion.

Hassett currently heads the White House’s NEC. He is a supporter of Trump, but at the same time he favors the interests of Wall Street, and his views can be described as moderate.

Notably, he supports the cryptocurrency industry and has even invested in the Coinbase exchange.