Kevin Hassett Emerges as Leading Candidate for Fed Chair

Kevin Hassett, Director of the White House National Economic Council, has become the top choice for the next Federal Reserve Chair among President Trump's advisors and allies as the selection process enters its final weeks, sources familiar with the matter said. The appointment would place a close Trump ally in the Fed leadership. In a November 20 Fox News interview, Hassett said he would "cut rates now" if he were Fed Chair, citing data support for such action.