White House NEC Director Hassett named Bessent his preferred Fed Chair, though she declined, stressing the need for data-driven rate decisions.
On Dec. 9, White House National Economic Council Director Kevin Hassett stated that Treasury Secretary Bessent is his preferred choice for Federal Reserve Chair, but she does not want the position. Hassett expressed that the Federal Reserve has room to cut interest rates and emphasized that decisions should be based on economic data. This public statement adds to earlier reports suggesting potential leadership changes at economic institutions, though no official announcements or appointments have been confirmed.