[White House Economic Council Director Hassett Seen as a Leading Candidate for Federal Reserve Chair]
November 26 news: The selection process for the new Federal Reserve Chair has entered its final stage, with Kevin Hassett, Director of the White House National Economic Council, being regarded as a leading candidate by President Trump's advisors and allies. Sources indicate that Trump is known for unexpected personnel and policy decisions, and the nomination result remains uncertain until officially announced. The choice of Federal Reserve Chair is a key way for the president to influence monetary policy. During Trump's first term, he nominated current Chair Jerome Powell but expressed dissatisfaction with Powell's pace of rate cuts. Hassett aligns closely with Trump's economic views, advocates for rate cuts, and stated on November 20 that if he were to serve as Federal Reserve Chair, he would 'cut rates immediately,' as 'the data supports this decision.'