Trump: I may want to keep Hassett where he is

Trump has recently indicated that he does not consider Hassett as a candidate for the Federal Reserve Chair. Through his comments on television, he suggested that he might want to keep Hassett in his current position, expressing a desire to see how things play out. This statement reflects concerns from some Republican Senators about Hassett being too close to Trump, making his confirmation more challenging compared to other candidates. The headline has triggered some buying in the U.S. dollar, as it underscores that the Fed's decision is largely about political credibility. Hassett is viewed as the least independent among the candidates, significantly impacting market sentiment. Market participants are closely monitoring political developments, remaining sensitive to future movements in the dollar.