President Trump referred to NEC Director Kevin Hassett as a potential nominee for Federal Reserve Chair. Recall that earlier today he said he plans to announce his choice in early 2026. Chair Powell’s current term does not expire until mid-May, and any successor must be confirmed by the Senate before formally taking the position. That means Hassett would only become Fed Chair after a successful confirmation vote.
Polymarket odds already show Hassett as the overwhelming favorite (68%), so his emergence as the likely pick is not a major surprise.
Calling him “the potential” Fed chair fits with the confirmation process.
Of course, it is a long way from the Fed Chair term ending (May 15th). Having said that, Fed Governor Miran is expected to and his term at the end of January. Trump may appoint Hassett for that post and have him harrass the lame duck chair until the end of his term (or force him to quit early.
