{"id":50589,"date":"2025-11-30T17:40:00","date_gmt":"2025-11-30T23:40:00","guid":{"rendered":"https:\/\/ustower.net\/?p=50589"},"modified":"2025-12-01T01:41:12","modified_gmt":"2025-12-01T07:41:12","slug":"hassett-touts-market-response-to-report-that-hes-the-front-runner-to-replace-powell-at-the-fed","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=50589","title":{"rendered":"Hassett touts market response to report that he\u2019s the front-runner to replace Powell at the Fed"},"content":{"rendered":"\n

National Economic Council (NEC) Director Kevin Hassett\u2002<\/u><\/a>on Sunday touted the market response to a Bloomberg report<\/u><\/a> last week suggesting Hassett is broadly considered the front-runner among candidates to replace Federal Reserve Chair Jerome Powell.<\/p>\n\n\n\n

The president\u2019s top economic adviser, in an interview on CBS News\u2019s \u201cFace the Nation,\u201d called the Bloomberg report a \u201crumor\u201d and said he is \u201creally honored to be amongst a group of really great candidates.\u201d<\/p>\n\n\n\n

But Hassett cited the positive market reaction as a response to news that President Trump\u2002<\/u><\/a>is close to picking Powell\u2019s replacement.<\/p>\n\n\n\n

\u201cThe thing that I was most impressed about this week when that story leaked was that really \u2014 I think the news for markets was that President Trump is close to announcing a new person who is going to replace Jay Powell,<\/u><\/a>\u201d Hassett said in the interview.<\/p>\n\n\n\n

\u201cAnd if you look at the market response to that, it was very, very positive,\u201d he continued. \u201cWe had a great Treasury auction. Interest rates went down. And so, I think that the American people could expect President Trump to pick somebody who\u2019s going to help them, you know, have cheaper car loans and easier access to mortgages at lower rates.\u201d<\/p>\n\n\n\n

\u201cAnd that\u2019s what we saw in the market response to the rumor about me, which, you know, is probably about as valuable as the rumor about the health care policy that we just talked about,\u201d he added, referring to conflicting reports about plans from the White House to extend health care subsidies that Hassett said were \u201cconfidential and pre-decisional\u201d and leaked before they were finalized.<\/p>\n\n\n\n

Treasury Secretary Scott Bessent,<\/u><\/a> who has been conducting interviews to find Powell\u2019s replacement, said last week that Trump could announce his decision by the Christmas holiday.<\/p>\n\n\n\n

thehill<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

National Economic Council (NEC) Director Kevin Hassett\u2002on Sunday touted the market response to a Bloomberg report last week suggesting Hassett is broadly considered the front-runner among candidates to replace Federal Reserve Chair Jerome Powell. The president\u2019s top economic adviser, in an interview on CBS News\u2019s \u201cFace the Nation,\u201d called the Bloomberg report a \u201crumor\u201d and said he is […]<\/p>\n","protected":false},"author":6,"featured_media":50590,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[33948,1508,21975],"class_list":["post-50589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-hassett","tag-market","tag-response"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/50589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50589"}],"version-history":[{"count":2,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/50589\/revisions"}],"predecessor-version":[{"id":50592,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/50589\/revisions\/50592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/50590"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}