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Bond investors have reportedly told the U.S. Treasury they are concerned about Kevin Hassett’s possible appointment as Federal Reserve chair, warning he could push for aggressive interest-rate cuts aligned with U.S. President Donald Trump.
The Treasury gathered feedback on Hassett and other candidates in one-on-one calls with senior figures at major Wall Street banks, large asset managers and other influential debt-market participants, Financial Times reported, citing people familiar with the matter.
The discussions supposedly took place in November before Treasury Secretary Scott Bessent held a second round of interviews with contenders to replace Fed Chair Jay Powell when his term ends in May 2026.
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