Bond Investors Warn Treasury About Hassett as Fed Chair, FT Says

Bond investors have told the Treasury Department they are concerned about Kevin Hassett’s potential appointment as Federal Reserve chair, the Financial Times reports, citing several people familiar with the conversations.

• Investors expressed concern that Hassett, the current White House National Economic Council director, will cut interest rates aggressively to please President Trump, FT says
• Discussions took place in November before Treasury Secretary Scott Bessent held his final round of interviews with candidates, FT reports
  • Participants in the conversations included members of the Treasury Borrowing Advisory Committee, the report says citing two sources
• NOTE: Trump Sees Fed Chair ...