「Ultra-Dove」 Hasset Abandoned by Trump, 2026 Rate Cut Expectations Significantly «Shrunk»

By: theblockbeats.news|2026/01/16 17:30:17
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BlockBeats News, January 17th. According to CME FedWatch data, traders reduced their expectations of two U.S. interest rate cuts in 2026 as President Trump hinted at nominating someone other than National Economic Council Director Hassett to replace Fed Chair Powell.

By the end of 2026, the probability of no more rate cuts for the whole year is 11.8%, the probability of a cumulative 25 basis point cut for the year is 30.3%, and the probability of a cumulative 50 basis point cut is 32.1%.

Today, when Trump mentioned White House National Economic Council Director Hassett, he said, "I want him to continue in his current position, and we'll see what happens." This statement suggests that Trump may have someone else in mind for the Fed chairmanship.

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