Hassett's Fed Chair Prospects, Fed Structure Critique

At the New York Times DealBook Summit, the potential next Federal Reserve Chair, Kevin Hassett, was discussed. Robert Bessent, investor and former Treasury official, highlighted the collaborative nature of the Feds decision-making process. Bessent also proposed a rule requiring regional Fed officials to live in their respective districts for at least three years. Betting markets show a seventy percent chance of Hassett being selected, with him emphasizing his commitment to the Feds independence and sound monetary policies. Bessent also praised President Trumps tariff strategy, acknowledging his evolved perspective on trade duties.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.