Sources say Trump trusts Hassett, and the two are aligned in their desire to push for aggressive interest rate cuts.

According to sources familiar with the matter, Trump trusts Hassett and believes he shares his desire to push for more aggressive interest rate cuts by the central bank. Hassett has indicated he would accept the position if invited. Treasury Secretary Bessett, who oversees the selection process, said last week that Trump might announce his nominee before the Christmas holidays. Besides Hassett, other shortlisted candidates include Federal Reserve Governors Christopher Waller and Michelle Bowman, former Federal Reserve Governor Kevin Warsh, and Rick Rieder of BlackRock. Trump has also frequently expressed his desire for Bessett to serve as chairman, but Bessett has repeatedly declined. (Wall Street News)