Meet Kevin Hassett: Controversial Fed Chair Front-runner

Updated

November 27, 2025

Gambar Meet Kevin Hassett: Controversial Fed Chair Front-runner

Jakarta, Pintu News – Kevin Hassett has emerged as the strongest candidate for the position of Chairman of the United States Federal Reserve under President Donald Trump’s administration. With a strong background in interest rate policy and involvement in digital assets, Hassett is considered a choice that would bring significant changes in US monetary policy.

Controversy and Candidacy

According to a Bloomberg report, Kevin Hassett, who once served as director of the National Economic Council, is now the leading candidate to replace Jerome Powell as Federal Reserve Chairman. Hassett is known to have views in line with Trump, especially when it comes to a more aggressive interest rate cut policy.

His closeness to Trump and the trust reposed in him by the president make him a logical choice in this context. In addition, Hassett has indicated his willingness to lead the central bank if selected. The selection process conducted by Treasury Secretary Scott Bessent has entered its final stage, with second interviews having been conducted with several candidates, including Hassett.

Digital Asset Ownership and Potential Conflicts of Interest

the fed urgent meeting — Generated by AI

Hassett had disclosed a stake in Coinbase worth more than $1 million earlier this year, according to financial disclosures reported by Bloomberg. These holdings led to discussions in Washington regarding potential conflicts of interest, given the Federal Reserve’s role in regulating stablecoins and the bank’s exposure to digital assets.

Hassett’s involvement in Coinbase’s Academic and Regulatory Advisory Board also adds complexity to the situation. The board includes several figures with Trump administration connections, such as former SEC chairman Jay Clayton and former CIA general counsel Courtney Elwood, which adds another dimension to this debate.

Also Read: Odds of December Fed Rate Cut Jumps to 85% After PPI Data Release

Policy Implications and Fed Independence

If Hassett is elected, it could mark a significant shift in Federal Reserve policy, particularly in relation to interest rates and the regulation of digital assets. President Trump has long criticized Powell for the pace of interest rate cuts, and with Hassett, he may see an opportunity to push for policies that are more supportive of economic and market growth.

However, the administration’s involvement in the Fed Chair selection and attempts to replace other Fed members has raised concerns about the central bank’s independence. This is an issue that will continue to be the focus of attention, especially if Hassett ends up leading the Federal Reserve.

Conclusion

Kevin Hassett’s candidacy as Chairman of the Federal Reserve marks an important period in US monetary policy. With a controversial background and views, his selection could bring about major changes in the way the central bank addresses future economic and financial regulatory challenges.

FAQ

Who is Kevin Hassett?

Kevin Hassett is a leading candidate for the position of Chairman of the United States Federal Reserve, known for his views in favor of cutting interest rates and his involvement with digital assets through Coinbase.

Why is Kevin Hassett considered a controversial choice?

Hassett is considered controversial due to his ownership of Coinbase shares worth more than $1 million, which raises questions about potential conflicts of interest in regulating monetary policy and digital assets.

What role did Financial Secretary Scott Bessent play in this selection process?

Scott Bessent, as Secretary of the Treasury, has led the Fed Chair selection process, including conducting a series of interviews with candidates such as Kevin Hassett.

When is the Fed Chair selection announcement expected?

The announcement of the Federal Reserve Chair selection is expected to be made before Christmas, although the exact timing depends on President Trump’s decision.

What impact will Kevin Hassett’s election have on Federal Reserve policy?

If elected, Kevin Hassett is expected to bring changes in interest rate policy and digital asset regulation, in line with President Trump’s preference to support economic and market growth.

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