President closes in on next Fed boss: Trump loyalist Kevin Hassett tipped for the top job
Donald Trump’s pick for the next Federal Reserve chief will be one of the most important economic decisions of 2026.Jerome Powell’s term ends in May and the President is expected to name his successor by the end of this month.He must decide whether to pick someone who will do his bidding and slash interest rates – but run the risk of undermining the Fed’s credibility and upsetting markets.Favourite for the job is Trump’s top economic adviser Kevin Hassett, a loyalist who has endorsed his boss’s sweeping import tariffs and called for lower interest rates.Hassett, 63, yesterday backed the Department of Justice’s probe into the Fed, saying if he were chairman of the central bank he would ‘want them to do that’.Others in the frame include Fed governors, Michelle Bowman and Christopher Waller, as well as a former governor, Kevin Warsh, and Blackrock’s Rick Rieder. Loyalist: Trump’s top economic adviser Kevin Hassett (pictured) has endorsed his boss’s sweeping import tariffs and called for lower interest ratesDIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasinteractive investorinteractive investorFlat-fee investing from £4.99 per monthFreetradeFreetradeInvesting Isa now free on basic planTrading 212Trading 212Free share dealing and no account feeAffiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.Compare the best investing account for you
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President closes in on next Fed boss: Trump loyalist Kevin Hassett tipped for the top job
