Bond markets are concerned that Hassett is trying to please Trump by cutting interest rates, and have warned Treasury Secretary Vincent Bescent about this
2025-12-03 22:31:41
The Financial Times, citing several people familiar with the matter, reported that bond investors had warned the US Treasury about the possibility of Hassett becoming Fed chairperson. They feared that Hassett would cut interest rates to please US President Trump. In November, the Treasury Department, led by Treasury Secretary Vicente, held a centralized consultation. After a cabinet meeting on December 2, Trump told reporters at the White House that Hassett, who was present, was a "potential Fed chairperson" and that he could announce his appointment in January.
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