US President Donald TrumpKevin Hassett, the leading candidate for the Fed presidency, emphasized that the central bank will remain completely free of political influence in interest rate decisions. “The President may have strong opinions, but the Fed’s job is to independently determine interest rate policies,” Hassett said in his statement on CBS’s Face the Nation program. According to Polymarket data, Hassett’s Fed His odds of being appointed chairman rose to 52 percent, surpassing former Fed governor Kevin Warsh’s 40 percent.
“Independent Fed” Message from Hassett
Hassett is known as someone who worked closely with the president when he served as chief economist in the Trump administration. However, during the candidacy process Fed‘s statements that they would preserve the independence of decision-making mechanisms attracted attention. In his speech on the CBS broadcast, he said, “Even if I am the Fed president, final decisions are not taken individually, but by the joint evaluation of the Board and FOMC members.”
In his statement last week, Trump argued that he should have the right to express his opinion on interest rate decisions. Hassett’s response was interpreted as a “distance from political pressure” message in the markets. Experts state that the names nominated for the Fed presidency during the Trump era were generally positive about growth-oriented monetary policy, but Hassett’s discourse carried a different tone with an emphasis on independence.
Interest Rate Reduction Expectation and Hopeful Wait for Cryptocurrencies
Economic circles describe Hassett’s general line as “dovish”. His advocacy of low interest policies and support for expansionary monetary policies are seen as compatible with Trump’s goal of accelerating economic growth. Especially large proportion interest The fact that it openly supports the call for reductions is considered a factor that increases risk appetite in the markets.
cryptocurrency Investors are also hopeful about a possible Hassett period. Bitcoin 
$89,881.91 The expectation of liquidity increase as the Fed turns to interest rate cuts is strongly expressed in the market. Analysts say that the downward course of interest rates may increase interest in risky assets, especially BitcoinHe emphasizes that it may trigger a new wave of rise in the price of .
According to Polymarket data, Hassett’s probability of being appointed as Fed chair has risen to 52 percent, while Warsh’s rate rose from 13 percent to 40 percent last week. For those who don’t know, the current Fed chairman Jerome Powell‘s current term will end on May 15.
