The bond market is concerned that Hassett may be trying to appease Trump by cutting interest rates, and has already warned Treasury Secretary Bessett about this.

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.