According to a report by Odaily Planet Daily, citing multiple sources cited by the Financial Times, bond investors have warned the U.S. Treasury Department about the possibility of Hassett becoming the Federal Reserve Chairman. They fear Hassett might cut interest rates to appease President Trump. In November, the Treasury Department, headed by Treasury Secretary Bessant, held a meeting to solicit opinions. Following a cabinet meeting on December 2nd, Trump told reporters at the White House that Hassett, who was present, was a "potential Fed Chairman" and that he might announce his appointment in January.

According to an article published on the X platform by Charles Gasparino, a Fox Business reporter, Wall Street and business insiders are making a final push to warn Trump about the problems that would arise from choosing Kevin Hassett as Federal Reserve Chairman. The argument from Wall Street and the business community is that, given the political nature of Hassett's job (Director of the National Economic Council) and his past experience, he lacks credibility among Fed staff and the markets, which seek independence from the Fed. Appointing Hassett would lead to higher long-term interest rates and throw the Fed into disarray. If Hassett manages to lower short-term interest rates through a split vote amid persistent inflationary pressures (as Trump desires), this would be seen as political interference and could trigger inflation. Mortgage and consumer rates are benchmarked against 10-year Treasury bonds, and a surge due to inflation concerns could slow the economy as the midterm elections approach. Of course, Trump may ignore all of the above and proceed unilaterally. Other candidates vying for the Fed chairmanship include Kevin Warsh and Fed Governor Christopher Waller, both of whom are potential contenders.

According to Odaily Planet Daily, U.S. stocks rose 5.5% in early trading on Wednesday, after a 38.8% plunge the previous day. Trump Media & Technology Group saw a slight decline, after rising as much as 1.3% in early trading on Wednesday.

Odaily Planet Daily reports that U.S. Treasury Secretary Bessenter stated that Trump's accounts are designed to make young people shareholders, and that the massive influx of funds into Trump's accounts will be monitored. He added that Trump's accounts mark the beginning of "shareholder economics." (Jinshi)

Odaily Planet Daily reports that U.S. Treasury Secretary Bessant stated that reports claiming President Trump's mental state is declining are 100% false. (Jinshi)