Trump Signals Kevin Hassett as Leading Fed Chair Candidate

President Trump said the search for the next Federal Reserve Chair has been narrowed to a single finalist after initially reviewing roughly ten candidates. While he did not formally reveal the name, Trump publicly described Kevin Hassett as a “potential” Fed chair during a White House gathering the clearest indication yet of where the selection is heading.

Hassett, a former White House Council of Economic Advisers chair and a long-time economic adviser to Trump, has quickly emerged as the market’s consensus frontrunner. Prediction markets now assign about an 80% probability that he will be named the next Fed chief.

Trump said an official announcement will come early next year, aligning with his broader push for the Federal Reserve to cut interest rates immediately. The pending leadership decision is already drawing heightened attention from investors, given its potential influence over rate policy, inflation strategy, and the direction of financial markets heading into 2026.