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Hashett Takes Lead in Fed Chair Race
BlockBeats News, July 15th, it was revealed by multiple sources that Hassett, Director of the White House National Economic Council, has emerged as a top candidate for the next Federal Reserve Chair. With President Trump considering appointing a Fed leader more aligned with his views, Hassett is standing out. Whether Hassett will ultimately be nominated remains uncertain. However, sources indicate that Hassett has advantages that others do not. He is currently the head of the National Economic Council and previously served as a key economic advisor in Trump's first term. Hassett has worked for Trump for nearly a decade and is one of the few advisors who has both earned the president's trust and maintained a strong relationship for a long time. After holding two positions in the Trump administration's first term, he joined a private equity firm founded by Trump's son-in-law Kushner and provided economic policy advice to Trump during the 2024 presidential campaign. In addition, Hassett is seen as a disciplined spokesperson who is adept at dealing with the media, a trait that Trump has long valued in his senior appointees. Evercore ISI points out that Hassett's biggest challenge is to prove to the market that despite being a loyal supporter of Trump, he can still maintain sufficient independence while serving as the Fed Chair to uphold the Fed's reputation. (Jinshi)
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