Hassett and Bessent emerge as leading contenders for Fed Chair amid ongoing replacement talks
TL;DR Summary
Kevin Hassett, a long-time economic adviser to Trump, is considered the leading candidate to replace Jerome Powell as Fed Chair, amid a political environment where Trump favors a more pro-growth, less independent central bank, raising concerns about the Fed's autonomy.
- Hassett Grabs Pole Position in Race to Be Trump’s New Fed Chair Bloomberg
- Bessent Suggests Powell Should Leave Fed Board in May Bloomberg
- Trump economic adviser Kevin Hassett is rising in race for next Fed chief The Washington Post
- Trump: Bessent an option to replace Fed chair, 'but I like the job he's doing' Reuters
- Scott Bessent confirms moves to replace Jerome Powell are under way: 'There's a formal process that’s already starting' Fortune
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