Some bond investors are worried that Kevin Hassett would cut interest rates too aggressively according to the Financial Times. President Donald Trump has signaled Hassett will be his choice to replace Chair Jerome Powell.

While Wall Street looks forward to lower interest rates under likely nominee Kevin Hassett, others worry the Fed won’t be as tough on inflation under new leadership.

President Donald Trump said he plans to announce his selection to lead the Federal Reserve in early 2026, fueling further speculation about the next leader of the US central bank.

US President Donald Trump on Tuesday hinted that he wants to nominate his chief economic adviser Kevin Hassett to replace outgoing Federal Reserve Chairman Jerome Powell next year.

President Donald Trump’s aides and allies are discussing the possibility of making Treasury Secretary Scott Bessent the top White House economic adviser, in addition to his current job, should the president pick Kevin Hassett as the next chair of the Federal Reserve,