US: President Trump would pick Kevin Hassett to replace Powell as head of the Fed

A pro-crypto central banker? the president of the united states Donald Trump regularly emphasizes the importance of cutting key Fed rates (U.S. central bank). If he eventually won his case, s already two drops of those rates at the end of 2025, there is still a third cut in December uncertain after the speech Jerome Powellthe current president of the US central bank. But the end of his mandate at the head of the Fed is scheduled for May 2026and President Trump already seems to have a good idea of ​​his successor: pro-crypto Kevin Hassett.

Potential Future Fed President Kevin Hassett Is A Crypto Currency Specialist!

Several names have been floating around regarding this in recent months replace potential Jerome Powell as president Federal Reserve System of the United States. And today it’s a name Kevin Hassett which is coming back with a bang, with the latter being the favorite according to Bloomberg’s anonymous sources.

Currently director National Economic Council (National Economic CouncilSteed NEC), is currently Kevin Hassett is in charge of the Digital Assets Working Group established by President Donald Trump once he took office in January 2025. This group also posted in July 2025 official report of 48 pages which contains crypto policy highlights which the Trump administration wants to implement.

This report provided some food for thought support the growth of the Bitcoin and crypto-asset sectorwhile protecting investors. And Kevin Hassett also has links to a cryptocurrency exchange platform Coinbase. In June 2025, the latter claimed to have held more than$1 million worth of COIN shares from Coinbase. And he also revealed that he was paid around $50,000 for his service on the cryptocurrency exchange Academic and Regulatory Board from Coinbase.

Powell’s replacement must cut key rates in line with President Trump’s wishes

In addition to his undeniable cryptocurrency skills, Kevin Hassett also shares Donald Trump’s vision of monetary policy of the US central bank and it would be ready to cut interest rates Fed to support economic recovery.

Contrast that with Jerome Powell, who served as Fed president until May 2026which caused cold shower especially to the crypto sector by having speech Hawkish and brings a lot of uncertainty for further rate cuts in December.

Asked by Fox News about his possible appointment as Fed chairman in May, Kevin Hassett said:

“Of course I would say yes because I want to serve my country and I want to serve my president. (…) President Trump and I have discussed this a lot.”

So many clues that boost the condition favorite by Kevin Hassett for replace Jerome Powell in Barely 6 months. The appointment will be closely watched by financial markets as they too hope for a rate cut from the Fed. AND hope in this direction she also recently came in person John Williams, President of the New York Fed and also Vice Chairman of the FOMC (Federal Free Market Committee), which suggested that the FOMC still might to fall again Federal Reserve Key Rates.