Hassett Leads Fed Chair Race, Trump Seeks Lower Rates

White House reportedly eyeing Kevin Hassett as new Federal Reserve chair, aligning with Trumps push for lower interest rates. Bessent leads search, aiming for a candidate trusted by global markets. Hassett, who supports rate cuts, may face challenges gaining full committee support. FOMC to meet in early December for potential rate cut vote. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.