US President Donald Trump could name Kevin Hassett as new Fed Chair

FXStreetNov 26, 2025 5:23 AM

View all comments（0）



US President Donald Trump is potentially name top economic adviser Kevin Hassett, as successor to Federal Reserve (Fed) Chairman Jerome Powell, Reuters reported on Wednesday.

A source said a replacement for Fed Chair Jerome Powell will be announced before the Christmas holidays, according to the Quartz publication on Tuesday, reported Sputnik/RIA Novosti.

Market reaction

The US Dollar Index (DXY) pair is losing 0.13% on the day to trade at 99.70, at the press time.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Meta Q3 Earnings Preview: Muse Commercialization Faces Test, Wall Street High Target Price Hits $1,000

TradingKey - Meta (META) will release its third-quarter 2026 financial results after the U.S. market close on October 21, Eastern Time, and host an earnings call at 4:30 p.m. ET on the same day.

SpaceX Surges Over 8% After Hours as Q3 AI Revenue Soars 830%, Forms Special Committee With Tesla to Evaluate Merger

TradingKey - On October 20, Eastern Time, Elon Musk revealed during SpaceX's (SPCX) third-quarter earnings call that SpaceX and Tesla (TSLA) have formed a special committee composed of independent directors to evaluate a potential merger.

SpaceX 3Q 2026 Revenue Up 161% YoY: AI Business Swings to Profit as Commercialization Logic Accelerates

SpaceX (SPCX) reported its third-quarter 2026 financial results. Revenue for the period reached $14.575 billion, up 161% year-over-year. Overall, the earnings report provides evidence that AI investments are beginning to contribute to revenue and profit. However, capital expenditures still significantly exceed operating cash flow, and whether the improvement in profitability can be sustained remains a key factor in evaluating the stock's potential.

US Stocks Close: Dow Rises Over 500 Points Amid Mixed News on US-Iran Talks; Some Tech Stocks Rebound, Meta Falls for Fifth Day

On October 20, Eastern Time, a pullback in oil prices from earlier gains and a decline in U.S. Treasury yields eased the impact of recent pressure on AI-related stocks on market sentiment. Investors continued to monitor the situation in the Middle East, with conflicting reports regarding the progress of U.S.-Iran negotiations taking center stage during intraday trading. At the close, the Dow Jones Industrial Average rose 1.02% to 52,495.88 points; the Nasdaq Composite Index fell 0.02% to 26,424.82 points; and the S&P 500 Index rose 0.28% to 7,712.57 points.

Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550

TradingKey - Tesla (TSLA) will release its third-quarter 2026 earnings report after the US market close on October 21 Eastern Time, followed by an earnings conference call at 17:30 ET on the same day. Markets are focusing on the commercialization progress of Robotaxi, FSD, and Optimus, as well as expanding capital expenditures.

Featured Tools