Hassett leads the Fed chair race due to alignment with Trump’s low-rate priorities

White House officials are nearing the final phase of choosing the next Federal Reserve chair, with Kevin Hassett being the most favored candidate. President Donald Trump has shown interest in picking someone who favors more interest-rate cuts, which, according to individuals who have participated in internal discussions, has put the National Economic Council director ahead of other candidates as the appointment process narrows. Alignment on monetary policy shapes the President’s preferred direction Individuals involved in the discussions say Trump views Hassett as someone who both understands and supports the president’s long-held view that interest rates should be lower. That alignment has been noted internally as the president evaluates potential successors to Chair Jerome Powell. Hassett strengthened his stance in a Nov. 20 Fox News appearance, stating that he would immediately reduce rates if he were leading the Federal Reserve, citing economic data as justification. Trump has on multiple occasions argued...

https://www.cryptopolitan.com/kevin-hassett-leads-fed-chair-race/