National Economic Council Director Kevin Hassett has emerged as a top contender for the Federal Reserve chair, a role that may open if Jerome Powell’s term ends in 2026.
On November 25, Bloomberg reported that Hassett is being considered due to his support for lower interest rates, a policy favored by President Donald Trump.
Sources explained that President Trump’s team and associates are prioritizing candidates who share views on monetary policy that fit the president’s goals.
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During a broadcast interview, Hassett stated:
Of course I’d have to say yes, because I want to serve my country and I want to serve my president.
Hassett’s involvement in cryptocurrency is also connected to his financial disclosures. In June, documents revealed that he owned at least $1 million in Coinbase
$2.04B
stock.
He also reported making $50,001 as a member of the Academic and Regulatory Advisory Council at Coinbase, which includes figures such as Jay Clayton.
Other possible choices for Federal Reserve chair include former Governor Kevin Warsh, current Governors Christopher Waller and Michelle Bowman, and BlackRock’s Rick Rieder.
Treasury Secretary Scott Bessent, who oversees the vetting process, said a selection could be announced before Christmas, but President Trump may continue to review candidates into early 2026 if necessary.
If not selected as chair, Hassett could serve on the Federal Reserve Board until January 2028.
Meanwhile, Michael Selig, who serves as the SEC’s crypto counsel, recently shared his views on cryptocurrency during his nomination to chair the Commodity Futures Trading Commission (CFTC). What did he say? Read the full story.
