Trump Praises Hassett's Performance
President Trump recently acknowledged that White House National Economic Council Director Hassett delivered a strong TV performance, hinting at potential support for his continued role. However, he stopped short of a full endorsement, saying the decision will be made 'in due time.'
Senate Outlook Remains Uncertain
While Hassett is seen as a possible contender for the Fed chairmanship, some Republican senators have expressed reservations about his independence. His close ties to Trump could make Senate confirmation more challenging compared to other candidates.
Dollar Rises, Gold Falls
Markets reacted swiftly to the news, with the dollar gaining strength amid concerns over political influence on the Fed. Gold prices, on the other hand, dropped to their lowest since Tuesday, indicating a decline in safe-haven demand.
- Hassett seen as the least independent candidate
- Trump favors lower rates, aligning with Hassett's stance
- Senate confirmation will be a major hurdle