Reports that the White House is divided over Hassett as possible Fed chair

Kevin Hassett has emerged as a contender to replace Jerome Powell as Fed Chair, drawing mixed reactions within the Trump administration. While viewed by supporters as a respected economist, critics argue his limited hands-on policy role, primarily functioning as an adviser, raises concerns about his qualification for such a pivotal leadership position. Amid ongoing criticisms of Powell for not cutting rates aggressively enough, Trump is considering either Hassett or former Fed governor Kevin Warsh for the role. Hassett's defenders point to his academic credentials and involvement in key initiatives as evidence of his capability. However, the question of whether his blend of expertise and political alignments is sufficient for leading the Fed remains pivotal.