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Trump Teases Fed Chair Candidate, Names Hassett Frontrunner

12/30/2025

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Story summary
  • U.S. President Donald Trump hinted at a preferred candidate for the next chair of the Federal Reserve.
  • He is not ready to announce the candidate.
  • Trump said he would reveal his choice in January.
  • National Economic Council Director Kevin Hassett is seen as a frontrunner.
  • Powell's term as chair ends in May 2026.