Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Some Trump officials cast doubts on Hassett for Fed chair, Politico reports

BY Reuters | ECONOMIC | 12/16/25 06:13 PM EST

WASHINGTON, Dec 16 (Reuters) - Some Trump administration officials have privately raised doubts about the possible selection of National Economic Council Director Kevin Hassett as the next Federal Reserve chair, Politico reported on Tuesday, citing three people familiar with the discussions.

President Donald Trump told the Wall Street Journal last week that he has narrowed his search for the next head of the U.S. central bank to Hassett or former Fed Governor Kevin Warsh.

Politico on Tuesday reported that some people in the administration believe Hassett has not been effective in his current role, other than as a public messenger for Trump's agenda.

This, according to the report, has caused concern that he is not suited to succeed Jerome Powell as the Fed chair.

Trump is expected to announce his decision early next year.

(Reporting by Jasper Ward in Washington; Editing by Scott Malone and Jamie Freed)

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article