Hassett is now the leading candidate to replace Powell as Fed Chair in 2026. Here's what that might mean for interest rates.

With Powell’s Fed term ending, Trump readies a new chair. Analysts eye Kevin Hassett and fear a “shadow chairman” could reshape U.S. monetary policy.

Hassett is now the leading candidate to replace Powell as Fed Chair in 2026. Here's what that might mean for interest rates.

“If you’d asked me a year ago, I would have said I think Kevin would be a good pick. I wouldn’t say that today. Kevin has been incredibly dishonest.”

Trump's top economic adviser is odds-on favourite to lead the Fed amid concerns over the central bank's independence.

"I don’t think he has that credibility," Gregory Peters told Bloomberg TV. "I think that’s what the bond market is telling you.”