Former senior economic adviser Stephen Moore discusses the termination of President Donald Trump of Bureau of Labor Statistics Commissioner and more about ‘The Bottom Line’.
Traders on the Kalshi forecast market platform place the chance that President Donald Trump selects Kevin Hassett to follow the Federal Reserve chairman Jerome Powell by 48%, an increase of 27 percentage points this week.
Kevin Warssh follows the next most likely competition, with Kalshi gamblers who assign him a 29% chance of playing the top role in the most powerful in the world central bank.
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The revelation is on the heels of Trump’s comments on CNBC and says that when it comes to the task of the Fed Chair, “both Kevins are very good.”
“He’s very good,” Trump said, referring to Warssh. “Sometimes they are all very good, until you put them in it, and then they don’t do it so well,” Trump said, adding: “I think he is a very good guy. I would say Kevin and Kevin, both kevins are very good.”
Kevin Hassett, director of the National Economic Council, speaks to members of the media after a meeting with legislators in the US Capitol in Washington, DC, on Monday 28 April 2025. (Stefani Reynolds / Bloomberg via Getty Images / Getty images)
Hassett, Trump’s best economic adviser, has been a loyal defender of Trump’s economic agenda and is currently the director of the National Economic Council of the White House. Hassett held two roles during the first Trump government and advised Trump on economic policy during the presidential campaign of 2024.
Warssh, the Hassett competition with deep economic references, joined the Federal Reserve Board of Governors in 2006. At the time, the former Morgan Stanley Banker was the youngest person who served on the board.
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He was one of the leading candidates to replace the chairman of the Federal Reserve Janet Yellen In 2018 Trump finally appointed Powell in the role. More recently, the former Morgan Stanley Banker was considered a top choice for Treasury Secretary in Trump’s second administration before former Hedgefonds Chief Scott Bessent was nominated.
Kevin Warssh, former Governor of the American Federal Reserve, will go to lunch on Wednesday 9 July 2025 during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho. (David Paul Morris / Bloomberg via Getty Images / Getty images)
In step with Trump, both Hassett and Warssh Powell have called, whose term ends in May, to lower the interest rates. Trump, who has appointed Powell as the role in 2017, has repeatedly called for the Fed to reduce the target interest of the federal funds, which he says it could save the nation “hundreds of billions of dollars”. In the meantime, Powell has kept the main target interest rate of the central bank within a range of 4.25% to 4.5%, so that a cautious approach is followed in the midst of the potential economic impact of Trump’s rates.
Last month, after the interest rate meeting of the Federal Open Market Committee, Powell announced that the Fed would do that Leave the rate unchanged, The fifth time this year, the Fed kept the interest rate steadily.
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Last week the Federal Reserve Governor Adriana Kugler announced that she would resign in her position, leaving an open chair on the panel that guides the nation monetary policy. The seven members who form the Fed Board are known as governors. They are nominated by the president and confirmed by the Senate.
Trump called Kugler’s exit ‘a pleasant surprise’, because it gave him the chance to install a new governor who was more in line with his economic agenda. The new Fed Gouverneur could eventually follow Powell in May.
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