As the search for the next chair of the United States Federal Reserve nears its final stage, a new frontrunner has emerged. While Fed governor Christopher Waller had been viewed for months as the likely successor to Jerome Powell, former White House economic adviser Kevin Hassett is now receiving heightened attention. Hassett gains momentum in Fed chair race: Hassett, who has served as director of the White House National Economic Council since 2025, is now leading Fed chair race, Bloomberg reported based on anonymous sources. Hassett is regarded by Trump allies as closely aligned with the president’s economic ... (full story)