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

FXStreetNov 26, 2025 5:23 AM

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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.

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