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Trump Considers Loyalist Hassett for Fed Chair Position

12/3/2025

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Summary

Story summary

U.S. President Donald Trump is weighing Kevin Hassett, a Trump-aligned economist, as Fed chair.
Supporters praise Hassett's economics, while critics warn of loyalty to Trump.
Hassett has supported Trump's policies and criticized the Bureau of Labor Statistics.
Dean Baker, economist, argues he prioritizes political loyalty over objective truth.
Bond traders fear a Hassett-led Fed would ease inflation, risking markets.

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Story summary

U.S. President Donald Trump is weighing Kevin Hassett, a Trump-aligned economist, as Fed chair.
Supporters praise Hassett's economics, while critics warn of loyalty to Trump.
Hassett has supported Trump's policies and criticized the Bureau of Labor Statistics.
Dean Baker, economist, argues he prioritizes political loyalty over objective truth.
Bond traders fear a Hassett-led Fed would ease inflation, risking markets.