Nov 27, 2025
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Kevin Hassett Emerges as Frontrunner for Next Fed Chair
Kevin Hassett: Potential Fed Chair Impact on Crypto Market
- Kevin Hassett, head of the White House National Economic Council, is a frontrunner for the next Federal Reserve chair, aligning with Trump's preference for lower interest rates.
- Hassett has prior experience as an adviser to Coinbase and holds significant Coinbase stock.
- If appointed, his dovish stance could be favorable for crypto markets due to potential rate cuts and pro-crypto regulation.
- Treasury Secretary Scott Bessent's views on the Fed's operating framework may influence future monetary policy, emphasizing a "dovish FFR, hawkish balance sheet."
- This approach may provide a supportive environment for risk assets but may not replicate the 2020–2021 liquidity surge.
- The decision will depend on how aggressively a Hassett-led Fed cuts rates and manages the balance sheet under political pressures.
- As of now, Polymarket contracts show Hassett with a 53% probability of becoming the Fed chair.
- The total crypto market cap is currently at $2.96 trillion.
