Markets Rally on Rumors of Kevin Hassett as Potential Trump Fed Chair Pick

Dec 01 2025 crypto


Donald Trump is set to announce his Federal Reserve chair pick soon, with Kevin Hassett emerging as the frontrunner at 65% odds on prediction markets. This development signals potential for more aggressive interest-rate cuts, positively impacting markets including cryptocurrencies by lowering borrowing costs and boosting investor confidence. Markets rallied on rumors of Hassett's nomination, with [...]

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