Kevin Hassett is set to succeed Jerome Powell as the next Chairman of the Federal Reserve. At least that’s what prediction markets are positioning for and what President Trump conspicuously hinted at late Tuesday. “I guess a potential Fed Chair is here too,” he said, speaking in the Oval Office on Tuesday.

If you’d asked me a year ago, I would have said I think Kevin would be a good pick. I wouldn’t say that today. Kevin has been incredibly dishonest.”

The Fed chairman is one of the most powerful policymakers. Jerome Powell’s term is set to end in May 2026. The frontrunner is seen as aligned with Trump’s views on interest rates.

Director Kevin Hassett on Sunday touted the market response to a Bloomberg report last week suggesting Hassett is broadly considered the frontrunner among

White House economic advisor Kevin Hassett, who is on the short list of candidates to be President Trump's next Fed Chair, told Fox & Friends Weekend on Sunday any one of the five people on the final list would be "a big trade up from where we are.

Donald Trump said last week that he already knows who he wants to pick as the next Fed chair, even though the interviews haven’t wrapped up yet.

Beneath the U.S. bond markets' composure around the prospect of White House economic adviser Kevin Hassett becoming the next Federal Reserve chair lies a niggling worry that his bias for interest rate cuts will undermine the dollar.