Hassett takes lead in Fed chair race

By: odaily.com|2025/07/14 16:26:35

Odaily News Hassett, director of the White House National Economic Council, is emerging as a hot candidate for the next Federal Reserve chairman. According to multiple sources, Hassett is emerging as Trump considers appointing a Fed leader who is more aligned with his position. It is not yet certain whether Hassett will be nominated in the end. But sources say Hassett has advantages that others do not have. He is the head of the National Economic Council and served as a key economic adviser to Trump in his first term. Hassett has worked for Trump for nearly a decade and is one of the few advisers who has both won the presidents trust and maintained a good relationship for a long time.
After serving two terms in Trumps first administration, he joined a private equity firm founded by Trumps son-in-law Kushner and advised Trump on economic policy during the 2024 presidential campaign. Hassett is also seen as a disciplined and media-savvy spokesperson, qualities Trump has long valued in his senior appointees. Evercore IS pointed out that Hassetts biggest challenge is that he must prove to the market that despite being a loyal supporter of Trump, he can still maintain sufficient independence as chairman of the Federal Reserve to maintain the credibility of the Federal Reserve. (Jin Shi)

Interest rate decisions by major central banks such as the Federal Reserve are significant macroeconomic events impacting global financial markets, directly influencing market liquidity expectations and risk appetite. As the cryptocurrency market continues to develop and its trading structure and participants mature, the crypto market is gradually being incorporated into the macroeconomic pricing system.

U.S. Bank Industry Embraces Blockchain Transition

Key Takeaways The U.S. banking sector is transitioning towards blockchain technology as regulatory discussions turn into implementation. The…

Trump’s Influence on Interest Rates: A Matter of Debate at the Fed

Key Takeaways Kevin Hassett, a leading contender for the Federal Reserve chair, asserts that President Donald Trump’s views…

Best Altcoin to Buy Now Under $0.01 – December 10

Key Takeaways: PEPENODE ($PEPENODE) is highlighted as a promising altcoin to consider, especially for those seeking investment opportunities…

The Fed Cuts Rates Again But Disagreement Increases, Next Year's Path May Lean More Conservative

While this interest rate cut was as expected, there was a rare internal Federal Reserve divergence, hinting at a potential extended pause in the future. At the same time, they stabilized year-end liquidity by purchasing short-term bonds.

Trump Takes Over the Fed, Impact on Bitcoin in the Coming Months

The Once-in-a-Century Transformation of the U.S. Financial System

Best New Meme Coin to Buy Today Under 1 Cent – 9 December

Key Takeaways The cryptocurrency market is experiencing a slight dip, but optimism remains due to potential Federal Reserve…

After the market digests the interest rate cut expectations, how should we navigate the direction of risk assets?

The last interest rate cut of the year brought rates down to ______%. The true market movement depends on the expectation gap rather than policy action.

Federal Reserve’s Upcoming Rate Decision: Searching for Clarity Amid Divergent Views

Key Takeaways: The Federal Reserve’s December FOMC meeting, happening next week, is highly anticipated, with a potential 25…

Potential Impact of the 2026 Federal Reserve Policy Shift on the Crypto Space

Key Takeaways: The Federal Reserve may undergo a significant policy shift in 2026, potentially transforming its approach towards…

The Impact of the Next Federal Reserve Chairman on the Crypto Industry

Key Takeaways The upcoming Federal Reserve Chairman’s position on monetary policy and regulation will significantly influence the cryptocurrency…

Kevin Hassett: Trump’s Crypto-Friendly Candidate for Fed Chair

Key Takeaways: Kevin Hassett, a well-known economic advisor for the Trump administration, is being considered for Federal Reserve…