Kevin Hassett, who was central to the president’s crypto working group, has sprung up as a frontrunner to take over the Federal Reserve, Bloomberg reports.
Crypto-friendly White House economic adviser Kevin Hassett has reportedly emerged as a top candidate for the next Federal Reserve chair, replacing Jerome Powell when his tenure is up in May.
President Donald Trump’s advisers and backers see Hassett as the frontrunner to take over as Fed chair, as he’s expressed sympathy with Trump’s desire to cut rates, Bloomberg reported on Tuesday, citing people familiar with the matter.
Hassett is the director of the National Economic Council, who oversees the White House’s digital asset working group that Trump created in January. This group released a report in July outlining policy considerations for crypto.
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