Wall Street Sounds Alarm On Kevin Hassett As Trump Eyes Him For Fed Chair: Report

Bond investors reportedly told the Treasury they were uneasy about Kevin Hassett becoming Fed chair, warning he might favor sharp rate cuts.
National Economic Council Director Kevin Hassett speaks to reporters after attending a meeting at the U.S. Capitol Building on April 28, 2025 in Washington, DC. (Photo by Anna Moneymaker/Getty Images)
National Economic Council Director Kevin Hassett speaks to reporters after attending a meeting at the U.S. Capitol Building on April 28, 2025 in Washington, DC. (Photo by Anna Moneymaker/Getty Images)
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Deepti Sri·Stocktwits
Published Dec 03, 2025   |   1:53 PM EST
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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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