Former President Donald Trump has publicly expressed hesitation about nominating Kevin Hassett for a Federal Reserve Board seat, raising questions about the future of the central bank’s leadership amid political scrutiny. The delay could impact the Fed’s ability to maintain policy continuity as inflation pressures persist.
- Trump has not formally committed to nominating Kevin Hassett for a Federal Reserve Board seat.
- Hassett served as Chair of the Council of Economic Advisers from 2017 to 2021 under Trump’s administration.
- The Federal Reserve Board currently has two vacant seats, with one term expiring in 2027 and another in 2028.
- The nomination process delays could affect the Fed’s ability to maintain a full quorum for policy decisions.
- The Senate confirmation process typically takes 60 to 90 days, depending on political dynamics.
- Market participants are monitoring developments closely, as leadership stability influences expectations on interest rate paths.
Former President Donald Trump has indicated reluctance to nominate Kevin Hassett to serve on the Federal Reserve Board, according to sources familiar with the matter. Hassett, a prominent economist and former head of the White House Council of Economic Advisers under Trump’s administration, had been widely speculated as a potential nominee. His potential appointment was seen as a signal of continued conservative influence over monetary policy.