Wall Street consensus suggests that White House advisor Kevin Hassett will become the Federal Reserve Chairman.
TL;DR
Wall Street expects White House advisor Kevin Hassett to be appointed as Federal Reserve Chairman, with his past independence noted, but concerns arise if the appointment occurs in 2025.
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According to Odaily Odaily, Trump has narrowed down the candidates for Federal Reserve Chair to four, and Wall Street consensus suggests that White House advisor Kevin Hassett will secure the position. During his first term as Chairman of the Council of Economic Advisers under Trump, Hassett did demonstrate a degree of independence. In his 2021 memoir, he recalled that many staff members "wanted me to leave the White House from the beginning." If Hassett were to head the Fed before 2025, few would object. However, the concern is that the Hassett taking office then will be in 2025. (Jinshi)