Market Disapproves Kevin Hassett as Next Fed Chair

Market Expectations for New Fed Chair

Markets anticipate Kevin Hassett, director of the National Economic Council, to be named the next Federal Reserve chair. However, the CNBC Fed Survey reveals that 84% of respondents do not endorse him for the position.

CNBC Fed Survey Insights

Despite the market’s expectation, the survey indicates a disconnect, with a significant majority unconvinced by Hassett’s potential appointment by President Donald Trump.