According to a CNBC survey, while 84% of respondents expect Trump to nominate Kevin Hassett, director of the National Economic Council, to take over as Fed chairperson, only 11% think he is the right candidate. While 47% of respondents favor Christopher Waller, a Fed governor, and 23% support Kevin Warsh, only 5% think Trump will choose either.
The market is concerned about whether Hassett can adhere to the Federal Reserve's dual mandate of price stability and full employment, and whether he can maintain the independence of the central bank from political interference. 76% of respondents believe that the next chairperson will be more dovish than Powell, and 51% believe that he will cater to the president's desire to cut interest rates rather than act independently.
CNBC: Majority survey opposes Hassett as next Federal Reserve president
2025-12-10 03:22:03
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