Hassett is in the lead for the Federal Reserve chair race

ChainCatcher news reports that, according to multiple sources, White House National Economic Council Director Hassett is emerging as a leading candidate for the next Federal Reserve Chair, amid Trump's consideration of appointing a Fed leader more aligned with his views.

It remains uncertain whether Hassett will ultimately receive the nomination. However, sources indicate that Hassett possesses advantages that others do not. He is the head of the National Economic Council and served as a key economic advisor during Trump's first term.

Hassett has worked for Trump for nearly a decade and is one of the few advisors who has both earned the president's trust and maintained a good relationship over time. After holding two positions in Trump's first administration, he joined a private equity firm founded by Trump's son-in-law Kushner and provided economic policy advice to Trump during the 2024 presidential campaign.

Additionally, Hassett is seen as a disciplined spokesperson who is adept at handling the media, a quality that Trump has long valued in his senior appointees.

Evercore IS points out that Hassett's biggest challenge is to prove to the market that, despite being a loyal supporter of Trump, he can maintain sufficient independence while serving as Federal Reserve Chair to uphold the credibility of the Fed.