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Trump Signals Hassett as Potential Fed Chair Pick, Criticizes Powell on Rates

President Donald Trump said Kevin Hassett could be his choice for Federal Reserve Chair, telling a Cabinet meeting on Dec. 2 he may announce the decision in early 2025 after reviewing 10 candidates, BlockBeats reports. Treasury Secretary Bessent does not seek the role, Trump noted. Trump renewed criticism of Chair Jerome Powell, citing JPMorgan Chase CEO Jamie Dimon's view that the Fed should lower interest rates.
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