National Economic Council Director Kevin Hassett has a close relationship with Trump, advising the president on economic policy. He also served in the first Trump administration.“We would not describe any of the three leading contenders as traditional doves when it comes to monetary policy,” said Seiberg. “True that they have called for rate cuts in recent months, consistent with the president's demands. Yet we see all as equally focused on price stability. It is why we believe all three would risk a confro ...

Give us your response, your thoughts on Kevin Hassett as the next potential Fed chair. Yeah. Well, I mean, I think he's he's seen by markets as as the candidate that is closest to the administration in terms of their their views on interest rates.And that is, you know is clearly more dovish than the the central you know, the consensus on the committee right now. You know, just in terms of the outlook for him, you know, it's no guarantee that Powell will step down from the board when his chairmanship chairma ...

Core Viewpoint - U.S. Treasury Secretary Scott Bessent anticipates that President Trump will announce the new Federal Reserve chair by the holiday season, indicating progress in the selection process [1][2]. Group 1: Federal Reserve Chair Succession - Bessent is leading the search for a successor to current Chair Jerome Powell and has one interview remaining [2]. - There is a strong possibility that an announcement will be made before Christmas, although the final decision rests with the President [2]. - Trump has expressed a desire to fire Powell and has encouraged Bessent to influence the Fed to lower interest rates [2][3]. Group 2: Monetary Policy Context - Bessent noted that monetary policy has become increasingly complex, suggesting that it involves more than just cutting interest rates [3]. - Trump humorously remarked about the urgency of addressing monetary policy issues, indicating the pressure on Bessent to deliver results [3].

Core Points - Former U.S. Federal Reserve Governor Larry Lindsey has withdrawn from consideration for the position of Fed chair, citing a desire to maintain his current lifestyle [1] - Lindsey was among the candidates being interviewed by Treasury Secretary Scott Bessent as part of the selection process to replace current Fed Chairman Jerome Powell, whose term expires in May [2]