Hassett takes lead in Fed chair race

Odaily Planet Daily News Hassett, director of the White House National Economic Council, is becoming a hot candidate for the next Federal Reserve chairman. According to multiple sources, Hassett is standing out against the backdrop of Trump considering appointing a Federal Reserve leader who is more consistent with his position. It is not yet certain whether Hassett will be nominated in the end. But sources say Hassett has advantages that others do not have. He is the head of the National Economic Council and served as a key economic adviser in Trump's first term. Hassett has worked for Trump for nearly a decade and is one of the few advisers who has both won the president's trust and maintained a good relationship for a long time. After serving 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. In addition, Hassett is also seen as a highly disciplined spokesperson who is good at dealing with the media, which is exactly the quality that Trump has long valued in his senior appointees. Evercore IS pointed out that Hassett's biggest challenge is that he must prove to the market that although he is a loyal supporter of Trump, he can still maintain sufficient independence as the chairman of the Federal Reserve to maintain the credibility of the Federal Reserve. (Jinshi)