Hassett, whose stance is considered extremely dovish, may find himself ineligible for the position of Federal Reserve Chairman.
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According to ME News, on January 17th (UTC+8), Investinglive analyst Adam Button stated that Trump said White House National Economic Council Director Hassett performed well on television today and he "might want him to stay." Trump added, "We'll see." Some Republican senators expressed reservations about Hassett because of his close relationship with Trump, making him potentially more difficult to confirm than the other three candidates. This news boosted the dollar, highlighting that the Federal Reserve's decision is largely about political credibility. Of all the candidates, Hassett is considered the least independent, yet he is also seen as the most dovish due to Trump's long-standing desire for interest rate cuts. Similarly, gold prices quickly fell to their lowest point since Tuesday. (Source: ME)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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