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Corporate Leaders Warn Trump Against Hassett's Fed Nomination

12/5/2025

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Summary

Story summary

Corporate leaders urge U.S. President Donald Trump to reconsider nominating Kevin Hassett as Federal Reserve chair.
They argue Hassett lacks independence and may bow to political pressure, risking economic stability.
Hassett, former head of the Council of Economic Advisers, has urged aggressive rate cuts.
The criticism follows Trump's attacks on Federal Reserve Chair Jerome Powell.
The Fed's decisions will impact the U.S. economy amid inflation and a weakening job market.

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Story summary

Corporate leaders urge U.S. President Donald Trump to reconsider nominating Kevin Hassett as Federal Reserve chair.
They argue Hassett lacks independence and may bow to political pressure, risking economic stability.
Hassett, former head of the Council of Economic Advisers, has urged aggressive rate cuts.
The criticism follows Trump's attacks on Federal Reserve Chair Jerome Powell.
The Fed's decisions will impact the U.S. economy amid inflation and a weakening job market.