Donald Trump Chooses Fed Chair
Analysis based on 6 articles · First reported Dec 01, 2025 · Last updated Dec 01, 2025
The market is reacting positively to the prospect of a new United States — Federal Reserve chair, particularly Kevin Hassett, who is perceived to favor more aggressive interest rate cuts. This expectation has already led to a brief dip in the 10-year Treasury yield below 4%, suggesting that investors anticipate lower borrowing costs and potentially a boost to economic activity.
President Donald Trump has announced that he has chosen his nominee for the next United States — Federal Reserve chair, with an announcement expected soon. This decision follows months of public criticism by Donald Trump of current chair Jerome Powell for not lowering interest rates quickly enough. Kevin Hassett, the White House National Economic Council Director, is widely considered the frontrunner, aligning with Donald Trump's desire for more aggressive monetary easing. Other finalists include United States — Federal Reserve governors Christopher Waller and Michelle Bowman, former governor Kevin Warsh, and BlackRock's Rick Rieder. The nominee will require confirmation by the United States and, if an outsider, would begin a 14-year term in February. The market has shown a positive reaction to the speculation, with the 10-year Treasury yield briefly falling below 4% on the prospect of Kevin Hassett's nomination.
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