WSJ What’s News Why Kevin Hassett Appears to Be Trump’s Pick for the Next Fed Chair
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Dec 3, 2025 
Nick Timiraos, Chief economics correspondent at The Wall Street Journal, sheds light on why Kevin Hassett is emerging as Trump's likely pick for the Federal Reserve chair, emphasizing his trustworthiness and economic credentials. Lara Seligman, a national security reporter, discusses the Pentagon's decision to deploy drones modeled after Iran's Shahed drones, revealing their tactical advantages on the battlefield. Both guests provide insights into current U.S. economic and military strategies amidst shifting political landscapes.
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White House Nears Fed Chair Decision
- President Trump appears to have narrowed the Fed chair search to one candidate, signaling a near-final decision.
- Kevin Hassett fits Trump's priorities: trusted, credible, and unlikely to alarm markets, according to Nick Timiraos.
Which Kevin Hassett Will Lead The Fed?
- Kevin Hassett's past institutionalist views contrast with his recent critical tone toward the Fed's independence.
- Investors now wonder which version of Hassett would lead the central bank if nominated, Nick Timiraos said.
Loosen Standards To Cut Car Costs
- Rolling back stricter fuel-economy rules will lower regulatory costs and aim to make cars more affordable.
- The administration frames the change as protecting auto workers while easing consumer prices.