US President Donald Trump could name Kevin Hassett as new Fed Chair
FXStreetNov 26, 2025 5:23 AM
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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