The bond market is concerned that Hassett may cut interest rates to please Trump and has already warned Treasury Secretary Bessent about this.
Jinse Finance reported that the Financial Times, citing multiple sources, stated that bond investors have warned the US Treasury about the possibility of Hassett being appointed as Federal Reserve Chairman. They are concerned that Hassett would cut interest rates to please US President Trump. In November, the Treasury Department, headed by Secretary Besant, had solicited concentrated opinions. After the cabinet meeting on December 2, Trump told reporters at the White House that Hassett, who was present, is a "potential Federal Reserve Chairman," and he may announce his appointment decision in January.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: If ETH falls below $2,998, the cumulative long liquidation intensity on major CEXs will reach $1.376 billions
Data: If BTC breaks $96,913, the total short liquidation intensity on major CEXs will reach $1.952 billions.
Traders hedge the risk of multiple Fed rate cuts through mid-2026 using SOFR options
