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President Donald Trump has publicly announced his reluctance to move Kevin Hassett to the Fed, raising doubts about Hassett’s chances of succeeding Jerome Powell as Fed chairman.
Trump said during a conference call that he wanted to keep Hassett in his current position, citing concerns about losing a trusted adviser if Hassett is sent to the Fed.
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Kevin Hassett’s chances are dwindling
This observation immediately caused a realignment of expectations about the next chairman of the Fed. with Hassett’s chances dwindledAttention was directed towards Kevin Worsh That is now seen by the markets and Washington circles as a major competitor.
Discussion Hassett widely As a prominent replacement for Powell ahead of a May 2026 move,
Trump’s statements, however, indicate his preference for continuity in the White House rather than returning to the central bank.
As a result, I moved away Forecast markets And analysts are talking about Hassett in recent days,
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Kevin Worsh approaches the floor
Kevin Worsh brings previous central banking experience, having served as a governor at the Federal Reserve during the global financial crisis. His profile has long drawn Republicans who want… Credibility with the markets A clearer separation between monetary policy and everyday policy,
Trump’s reluctance to drop Hassett has elevated Warsh to the top of the running list,
Crypto Lens: Worsh v Powell
In the cryptocurrency space, Warsh and Powell differ more in the tone of the results. Powell took a cautious approach before the institution, repeatedly emphasizing financial stability, consumer protection, and clear regulatory guidelines for stablecoins and digital asset exchanges,
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Avoid approving cryptocurrencies as money while allowing markets to grow under current rules.
Worsh’s records suggest pragmatic skepticism. He recognized the potential of Bitcoin as a means of preserving value, often comparing it to gold, but remained cautious that private cryptocurrencies could serve as everyday money.
This stance indicates tighter controls rather than outright hostility. Compared to Powell, Worsh may seem more open to the debate about digital assets, but the political results often remain conservative.
Time is running out for Powell
It ends Powell’s tenure as chairman of the Federal Reserve in May 15, 2026. He can remain on the Board of Governors until 2028, although presidents rarely stay after resigning.
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Wait for the markets With the decrease in inflation But without completely overcoming it, there is limited space for major political changes before his departure.
Traders are always cheaper… An additional benefit cut Under Powell’s leadership before the transition, assuming the data supports it.
Any more fundamental change now seems unlikely, reinforcing the sense that the next president will set the political direction for 2026 and beyond.
Powell, at the same time, faces an unusual political circumstance. The Justice Department’s investigation related to his congressional testimony about cost overruns to renovate the Federal Reserve’s headquarters included the issuance of subpoenas for records.
Powell said the issue does not affect monetary policy. However, the investigation has intensified the debate about the independence of the central bank as a change of leadership approaches.
