Kevin Hassett recently made a strong statement - if Trump really nominates him as the Fed chairman, he is "very willing" to take on the job.
This former White House economic advisor doesn't just talk the talk. He served as the Director of the National Economic Council during Trump's first term, and the tax reform strategies basically bear his influence. Now he's publicly expressing interest in taking a position at the Fed? The market immediately erupted.
Why? Because the current chairman Powell's term ends in 2026. But those in the know understand that if Trump returns to the White House, a change could happen sooner. Hassett's remarks essentially sent a clear signal: monetary policy may really be about to change.
Think about it, what would happen if a person who has deeply participated in relaxing regulations and advocates for more aggressive economic strategies were at the helm of the Fed? A faster pace of interest rate cuts? Looser regulatory standards? None of these are fantasies.
More importantly, the "data-driven, independent decision-making" principle that the Fed has always touted may be influenced by more political calculations. How interest rates are set and how finance is managed will likely not be as simple as just looking at economic data.
Interestingly, the timing of Hasett's statement is noteworthy. The Trump campaign team is frequently hinting at personnel adjustments, and his remark of "very willing" serves both as a self-recommendation and seems to give the market a preemptive boost. The crypto market, stock market, and bond market are all waiting to see how this personnel drama unfolds.
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Kevin Hassett recently made a strong statement - if Trump really nominates him as the Fed chairman, he is "very willing" to take on the job.
This former White House economic advisor doesn't just talk the talk. He served as the Director of the National Economic Council during Trump's first term, and the tax reform strategies basically bear his influence. Now he's publicly expressing interest in taking a position at the Fed? The market immediately erupted.
Why? Because the current chairman Powell's term ends in 2026. But those in the know understand that if Trump returns to the White House, a change could happen sooner. Hassett's remarks essentially sent a clear signal: monetary policy may really be about to change.
Think about it, what would happen if a person who has deeply participated in relaxing regulations and advocates for more aggressive economic strategies were at the helm of the Fed? A faster pace of interest rate cuts? Looser regulatory standards? None of these are fantasies.
More importantly, the "data-driven, independent decision-making" principle that the Fed has always touted may be influenced by more political calculations. How interest rates are set and how finance is managed will likely not be as simple as just looking at economic data.
Interestingly, the timing of Hasett's statement is noteworthy. The Trump campaign team is frequently hinting at personnel adjustments, and his remark of "very willing" serves both as a self-recommendation and seems to give the market a preemptive boost. The crypto market, stock market, and bond market are all waiting to see how this personnel drama unfolds.