Trump Hints Hassett as Final Federal Reserve Chair Candidate as Powell Faces Pressure

COINOTAG News reports that during a late-night cabinet meeting, President Trump signaled he may announce a nominee for the Federal Reserve Chair early next year. He also stated that Treasury Secretary Besent does not want the position. The briefing indicates he has evaluated ten Fed chair candidates and has one final contender remaining.

Following the remarks, Trump introduced Hassett at a White House gathering, stating that the potential Fed Chair is “right here.” The development underscores expectations around a directional shift in monetary governance if the nominee succeeds.

Trump reiterated his criticism of Powell, noting that JPMorgan Chase CEO Jamie Dimon has urged a lower interest-rate stance. Market watchers will monitor if the administration formalizes a nomination timeline and how the central bank’s leadership signals policy trajectory.