Hassett takes lead in Fed chair race

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 president's trust and maintained a good relationship for a long time.
After serving two terms in Trump's first administration, he joined a private equity firm founded by Trump's 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 Hassett's 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)