Who is Kevin Hassett, Trump’s expected pick to lead the Federal Reserve?

Al JazeeraCenterEN 5 min read 100% complete by John PowerDecember 4, 2025 at 03:13 AM

AI Summary

long article 5 min

According to the article published on December 4, 2025, Donald Trump is expected to nominate Kevin Hassett, the current director of the National Economic Council, as the next chair of the Federal Reserve. Prediction market Kalshi puts Hassett's odds of nomination at 86%. The Federal Reserve is the central bank of the U.S., responsible for setting monetary policy, regulating banks, and ensuring financial stability. Its most important function is setting interest rates, which influences borrowing costs across the economy. The Fed's policymaking committee is expected to cut the benchmark rate by 0.25 percent at its upcoming meeting. The Fed aims to encourage employment and maintain price stability through its monetary policy decisions.

Key Entities & Roles

Key Player Opposition Context

Donald Trump ×280% United States ×280% Kevin Hassett ×490% Federal Reserve ×390%

Keywords

federal reserve 100% kevin hassett 90% monetary policy 80% interest rates 70% central bank 60% financial system 50% economic adviser 50% benchmark rate 40%