Kevin Hassett has emerged as the clear frontrunner to replace Jerome Powell as Federal Reserve chair next May, a shift that could reshape U.S. monetary policy and affect global markets, particularly if Hassett brings a more dovish stance as expected.
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A Bloomberg report earlier this week sent predictive betting markets into a frenzy, with Polymarket odds of Hassett becoming the next Fed chair jumping from 25% to 57%.
That puts him well ahead of Fed Governor Christopher Waller, the second-most-likely contender at 26%, who has consistently voted for rate cuts since diverging from the broader Fed board view last July.
While the White House has called the discussion speculative, Hassett’s rise is unmistakable—and investors are already taking notice.
What Hassett Thinks About Tariffs and Inflation
Hassett, currently serving as Director of the National Economic Council, has challenged conventional Wall Street narratives on inflation, particularly regarding Donald Trump’s tariff policies.
In a recent Bloomberg interview, he cited a San Francisco Federal Reserve paper that reviewed a century of trade …
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