🟠 Trump declares "Have chosen a replacement for Powell"?

📌Trump has not specifically announced who the chosen one is, but the market is almost certain that it is #Kevin #Hassett. Right at the moment, the White House is preparing a pro-growth policy framework for 2025–2026 (which includes boosting domestic production and reducing interest rates concurrently). Trump needs a #Fed Chair who can implement that philosophy, and the most suitable name is Kevin Hassett.

📌 Hassett is market-friendly - super friendly with the White House
- He was the Chairman of Trump's Economic Advisory Council, the designer of many economic policies.
- The policy aims to reduce corporate taxes + encourages American companies to bring their overseas assets back to the U.S.

📌If Kevin Hassett replaces #Powell, the market will see a pro-growth Fed (keeping rates low - boosting production ). Hassett's views align perfectly with #Trump's policy framework:
📌 The Fed must support growth, not stifle the economy with interest rates.
- Hassett has repeatedly criticized the Fed during Powell's period of excessive tightening, arguing that the policy "pushes the economy into an unnecessary recession."
- Hassett leans towards a calculated dovish approach aimed at bringing GDP back to a growth rate of 3% or higher.
📌 Hassett supports redefining the role of the Fed
- He has repeatedly hinted that the Fed under Powell is "too independent but not accountable enough."
Hassett wants a less ideological, more politicized Fed.
- If Hassett heads the Fed, expectations for prolonged low interest rates or a sharp cut early in the term will become the market's default expectation.

🔥If Hassett really sits as Fed Chair:
- The Fed will shift from a defensive mindset to a proactive one.
- Yields are declining faster than the current forecast model.
- USD will weaken in cycles.
- Again, support for risk assets