Kevin Hassett, an American economist and director of the White House National Economic Council, is currently the top candidate to replace Jerome Powell as chairman of the Federal Reserve when Powell’s term ends in mid-2026.
Hassett is seen as a “softening” policymaker, one who believes lower rates can boost the market.
Why do experts want Hassett as the next Fed chairman?
Kevin Hassett is currently the best choice to replace Jerome Powell as Fed Chairman backed by Treasury Secretary Scott Bessent and President Donald Trump. Moreover, Hassett has been one of Trump’s most important economic advisors for years, which increases his chances.
However, Hassett has openly pushed for faster interest rate cuts and simpler monetary policy. Lower interest rates tend to drive more investors into riskier assets like Bitcoin and altcoins as borrowing becomes cheaper and market activity increases.
Industry leaders like Bitwise strategist Juan Leon believe Hassett would be “strongly bullish” on crypto.
In addition to supporting digital assets, Hassett is directly involved in the sector. He owns a large stake in Coinbase and previously served on its advisory board.
Other Top Contenders in the Fed Chair Race
In addition to Hasse, other leading candidates include former Fed Governor Kevin Warsh, Fed Governor Christopher Waller, Fed Vice Chair Michelle Bowman and BlackRock CEO Rick Rieder. Minister of Finance Bessent plans to complete the vetting process and present the final candidate in early 2026
The selection process is underway and the interview led by Finance Minister Bessent is still ongoing. The official announcement is expected in early 2026, just before Powell’s term expires.
Polymarket sees a 57% chance on Hassett
Prediction market Polymarket currently lists Hassett as the frontrunner, with a roughly 57% chance of becoming the next Fed chairman. However, no decision is expected this year, which means things could still change.
Behind him, current Fed Governor Christopher Waller has a 22% chance, while former Fed Governor Kevin Warsh has a 15% chance.
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