'FT: Bond investors said to have warned Treasury on Hassett Fed pick'

 Bond investors have privately warned the United States Treasury that appointing National Economic Council (NEC) Director Kevin Hassett as the next Federal Reserve chair could jeopardize the central bank's independence, the Financial Times reported on Wednesday. Market participants expressed concern that Hassett might support aggressive rate cuts favored by US President Donald Trump.

According to the report, Treasury officials conducted a series of consultations in November with major Wall Street banks, asset managers, and members of the Treasury Borrowing Advisory Committee to gauge reactions to potential candidates, according to the people familiar with the matter.

The discussions come as Trump prepares to nominate a successor to Federal Reserve Bank (Fed) Chair Jerome Powell, whose term ends in May 2026. Trump recently described Hassett as a "potential" pick.

https://breakingthenews.net/Article/Investors-said-to-have-warned-Treasury-on-Hassett-Fed-pick/65291802