Trumponomics What Happens If Kevin Hassett Becomes Fed Chair?
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Dec 3, 2025 
Anna Wong, Bloomberg's Chief US Economist, and Saleha Mohsin, Washington correspondent, dive deep into the implications of Kevin Hassett potentially becoming the next Fed chair. They discuss Trump's motives for choosing Hassett, the potential challenges of his White House ties on credibility, and what it could mean for interest rates and market reactions. The duo also explore concerns about Fed independence and how AI-driven productivity could influence future policy decisions, while emphasizing the power dynamics within the Fed under Hassett's leadership.
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Hassett As Likely Fed Frontrunner
- Kevin Hassett emerged as the frontrunner to replace Jerome Powell as Fed chair in Trump’s shortlist.
- The pick could reshape markets, Fed independence, and interest-rate expectations.
Hassett References Past CEA To Fed Path
- Kevin Hassett argued that moving from the White House to the Fed is a common path for economists.
- He cited five CEA chairs who later served independently at the Fed to illustrate his point.
Loyalty And Policy Influence Matter Most
- Anna Wong stresses loyalty as Trump's top criterion and cites Hassett's long working relationship and role on the Tax Cuts.
- Hassett's National Economic Council role made him influential in policy crafting, boosting his standing with Trump.
