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Trump's Fed Chair Pick: Hassett Faces Skepticism

12/10/2025

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Story summary
  • U.S. President Donald Trump has Kevin Hassett as the leading candidate to become the next Federal Reserve chair, with 84% of CNBC survey respondents expecting him to be chosen.
  • However, only 11% believe Hassett is the right choice.
  • Seventy-six percent anticipate a more dovish approach than current chair Jerome Powell.
  • Analysts expect a 25 basis point cut this week, while there is skepticism about the Fed's independence under Hassett's leadership.