Overview
- Bloomberg reported on Nov. 25 that National Economic Council chair Kevin Hassett is viewed by Trump advisers and supporters as the leading candidate to lead the Federal Reserve.
- Hassett has publicly urged immediate interest-rate cuts, telling Fox News on Nov. 20 that he would lower rates right away if he were chair.
- Reporting characterizes Hassett as aligned with the president’s preference for earlier and larger cuts, though no final decision has been made.
- Bessent told CNBC the likelihood of an announcement before Christmas is very high, reinforcing signals of a compressed selection timeline.
- Jerome Powell remains Fed chair until May 2026, and coverage highlights ongoing debate within the FOMC over whether to continue rate reductions given inflation concerns.