"Hassett, the 'Ultimate Dove,' Likely Out of the Running for Fed Chair

Odaily News, according to Investinglive analyst Adam Button, Trump said that White House National Economic Council Director Hassett performed well on TV today and that he "might want to keep him on." Trump added, "We'll see." Some Republican senators have expressed reservations about Hassett due to his close ties to Trump, making it potentially harder for him to secure confirmation compared to the other three candidates. Boosted by this news, the U.S. dollar rebounded as it highlights that the Fed's decisions are primarily about political credibility. Among all candidates, Hassett is seen as the least independent, and because Trump has long favored rate cuts, Hassett is ironically considered the most dovish. Similarly, gold prices quickly fell to their lowest level since Tuesday. (Jin10)