Financial Elites PANIC Over Possible Incoming Fed Chief

Federal Reserve stamp and wooden stamp on paper

The financial world shakes as Wall Street takes a decisive stand against Trump’s rumored pick for the Federal Reserve Chair, Kevin Hassett.

Story Snapshot

Wall Street opposes Kevin Hassett as Trump’s potential Fed chair pick.
Concerns over Hassett’s economic views and policies fuel resistance.
Trump hints at Hassett’s potential appointment amid financial market tensions.
Wall Street’s influence on presidential decisions in economic appointments.

Wall Street’s Opposition to Hassett

Wall Street’s opposition to Kevin Hassett as the next Federal Reserve Chair is rooted in concerns over his economic philosophy. Market insiders worry that Hassett’s views may not align with the current economic climate’s needs. Critics argue that his approach could potentially destabilize markets further, especially at a time when stability is paramount. This resistance from Wall Street highlights the tension between financial markets and political appointments, exposing the delicate balance of economic policy-making.

Wall Street moves to stop Trump from picking Kevin Hassett as next Fed chief — here’s why https://t.co/tziMd0p6ST pic.twitter.com/HIbFScRhdR

— New York Post (@nypost) December 5, 2025

Wall Street’s aversion to Hassett is not just about his economic positions but also about his political alliances. As a close ally of President Trump, Hassett’s appointment could signal a shift towards more politically driven monetary policies, which could unsettle investors. The financial community fears that such a move might prioritize political agendas over sound economic strategies, leading to increased volatility in both domestic and global markets.

Why Trump Considers Hassett

President Trump’s consideration of Kevin Hassett for the Fed chairmanship stems from a longstanding professional relationship. Hassett, who served as the Chairman of the Council of Economic Advisers under Trump, is viewed as a loyalist who shares the administration’s economic vision. Trump’s inclination towards Hassett is also based on their shared belief in certain economic strategies, which could be more aligned with Trump’s approach to stimulating growth and employment.

However, the potential appointment raises questions about the independence of the Federal Reserve. Traditionally, the Fed operates autonomously to ensure unbiased economic assessments and policy implementations. Trump’s preference for Hassett might be interpreted as an attempt to exert influence over the Fed’s decisions, potentially undermining its independence and credibility in the eyes of the public and investors alike.

Market Reactions and Implications

The speculation around Hassett as a potential Fed chair has already stirred reactions in financial markets. Investors are on edge, waiting to see how this decision could affect interest rates and monetary policies. A shift in leadership at the Fed could lead to changes in policy direction, impacting everything from inflation rates to employment figures. Wall Street’s resistance signifies a broader concern about maintaining economic stability amid political changes.

Wall Street’s influence in the matter highlights the complex interplay between politics and economics. The financial community’s ability to sway presidential decisions underscores their significant role in shaping economic policy. As discussions continue, all eyes remain on whether Trump will heed Wall Street’s warnings or proceed with his preference, potentially setting the stage for a pivotal moment in U.S. economic leadership.