Odaily News Sources say that Trump trusts Hassett and believes he aligns with him in the desire for the Central Bank to adopt a more aggressive rate-cutting stance. Hassett has indicated he would accept the position if invited. U.S. Treasury Secretary Basent, who oversees the selection process, stated last week that Trump may announce his nominee before the Christmas holiday. Other contenders besides Hassett include Federal Reserve Board of Governors member Christopher Waller and Michelle Bowman, former Federal Reserve Board member Kevin Warsh, and BlackRock's Rick Rieder. Trump has also frequently expressed his desire for Basent to serve as chair, but Basent has repeatedly declined.
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Insiders: Trump trusts Hassett, and both are aligned in their desire for aggressive rate cuts.
Odaily News Sources say that Trump trusts Hassett and believes he aligns with him in the desire for the Central Bank to adopt a more aggressive rate-cutting stance. Hassett has indicated he would accept the position if invited. U.S. Treasury Secretary Basent, who oversees the selection process, stated last week that Trump may announce his nominee before the Christmas holiday. Other contenders besides Hassett include Federal Reserve Board of Governors member Christopher Waller and Michelle Bowman, former Federal Reserve Board member Kevin Warsh, and BlackRock's Rick Rieder. Trump has also frequently expressed his desire for Basent to serve as chair, but Basent has repeatedly declined.