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🔥 Who is Kevin Hassett? Wolf takes a look at Trump's ally nominated to lead the Federal Reserve.

🔥 According to analysts at Wolf Research, the impact of White House economic advisor Kevin Hassett on monetary policy is likely to be limited if he is chosen to become the new chairman of the Federal Reserve.

🔥 Media reports have indicated that Hassett, a close ally of President Donald Trump, is the frontrunner to succeed Jerome Powell, whose term at the helm of the Federal Reserve ends in May.

🔥 Hassett's closeness to Trump may mean he could advocate for the president's interests at the central bank. And lower interest rates, as Trump has stated, where he told Politico that support for immediate rate cuts would be a condition for anyone he chooses to lead the Federal Reserve.

🔥 Hassett, an economist with a PhD and experience working at the Federal Reserve, was recently tasked with leading Trump’s economic policy agenda while in the White House.

"[Hassett] will be different from Powell, who came from the private sector, acted pragmatically, and was cautious," Ruth said. "At the same time, Hassett will likely use more economic theory and technical language, and the question remains whether he will make bold claims about the economy as he does now."$BTC