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Hassett Says He'd Accept Fed Chair Job If Trump Offers
Posted
November 13, 2025
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November 13, 2025
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0:36Now PlayingNational Economic Council Director Kevin Hassett said he would accept the nomination to replace Jerome Powell as Fed chair if the job was offered.
Hassett said he expected the Fed to lower its key interest rate by 25 basis points, but he would prefer a larger interest-rate cut, indicating he saw justification for a 50 basis point cut.
Hassett noted that if he was appointed chair, the Fed's research division would undergo a shake-up, and he would invest in having the best forecasters who are building nonlinear time series models.
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