Hassett Grabs Pole Position in Race to Be Trump’s New Fed Chair

Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.

Hassett, director of the National Economic Council, and Kevin Warsh are the top two contenders in an Apprentice-like contest run by Trump out of the White House. Treasury Secretary Scott Bessent is advising on selection — but could get the job himself if others fail to impress — while Fed governor Christopher Waller remains the dark horse, said people familiar with the deliberations.