Catenaa, Thursday, November 27, 2025- White House National Economic Council Director Kevin Hassett has moved to the front of the Federal Reserve Chair search, according to reporting that places him ahead of several candidates as President Donald Trump weighs a nomination.
Hassett has been closely involved in the administration’s digital asset policy and played a central role in a working group that issued recommendations on cryptocurrency oversight this summer.
The working group operates under the National Economic Council and addressed banking rules, a potential federal crypto stockpile, stablecoin standards, tax issues and illicit finance.
Hassett disclosed in June that he holds a Coinbase stake valued at no less than one million dollars.
People familiar with the process told Bloomberg that Trump views Hassett as a trusted ally. White House Press Secretary Karoline Leavitt said no one knows what Trump will decide until he announces it.
Trump said on November 18 that Fed Governor Christopher Waller and former Fed official Kevin Warsh remain under consideration.
Federal Reserve Vice Chair for Supervision Michelle Bowman and BlackRock fixed income chief investment officer Rick Rieder had also been reviewed as possible picks.
Any nominee must go before the Senate.
The search comes as Trump continues to criticize the central bank. He has pushed for lower interest rates and warned that he could fire current Chair Jerome Powell.
Removing a Fed leader requires cause, which sets a high threshold and is designed to protect the institution’s independence.
