NEW DELHI / Washington, D.C.: U.S. President Donald Trump has indicated that economist Kevin Hassett is likely to be his choice for the next chair of the Federal Reserve. Hassett, a former chairman of Trump’s Council of Economic Advisers, has long been a key adviser on economic policy and is known for his pro-growth stance and advocacy for tax cuts.
President Trump effectively announces that Kevin Hassett will be the next Fed Chair.
2026 is going to be a wild year. pic.twitter.com/HuFfaekuUM
— The Kobeissi Letter (@KobeissiLetter) December 2, 2025
While Trump has not yet made a formal announcement, multiple reports identify Hassett as the frontrunner to succeed current Fed Chair Jerome Powell. The nomination, when officially made, will require Senate confirmation before Hassett can assume the role.
Hassett’s potential appointment is being closely watched by financial markets, which are speculating on possible shifts in U.S. monetary policy.
Analysts note that Hassett’s approach may favor lower interest rates and a more market-friendly economic environment, aligning with Trump’s criticism of Powell for being too slow to ease monetary policy.
Experts caution, however, that the independence of the Federal Reserve remains a critical concern. While Hassett’s selection could signal a more aggressive pro-growth stance, maintaining the Fed’s impartiality in setting interest rates and managing inflation will be essential.
Until an official nomination is submitted to the Senate, the decision remains unofficial, though Hassett’s rise as the leading candidate has already generated significant attention in both financial and political circles.
