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The Federal Reserve Chair Selection process is nearing its end, with Hasset reportedly emerging as the top choice.
BlockBeats News, November 26th, according to sources familiar with the matter, as the selection of the new Federal Reserve Chair enters its final weeks, Kevin Hassett, the White House National Economic Council Director, is seen as the top contender for the next Fed Chair in the eyes of President Trump's advisors and allies.
Sources indicate that if Hassett were to be appointed, Trump would be able to install a close ally whom he is familiar with and trusts at the Fed. Some individuals also suggest that Hassett is seen as someone who can bring Trump's rate-cutting ideas into the Fed, which is the direction Trump has long hoped to steer towards.
However, they also point out that Trump is known for unexpected personnel and policy decisions, so nothing is certain until it is officially announced. Hassett is considered to be highly aligned with Trump on economic viewpoints, including the belief that rates need to be cut. In a Fox News interview on November 20th, he stated that if he were the Fed Chair, he would "cut rates now" because the "data says we should be doing it" (FXStreet).
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