For Hassett, Loyalty to Trump Became a Liability in Fed Race
#Kevin A. Hassett #Federal Reserve #Jerome Powell #Donald Trump #Independence #Economic Policy #Central Bank
📌 Key Takeaways
- Kevin A. Hassett was initially seen as the front-runner to replace Jerome Powell as Fed chair.
- His close ties to President Trump raised concerns about his independence.
- The Federal Reserve values political independence, crucial for its credibility.
- Hassett's candidacy has sparked a debate about the importance of an independent central bank.
- The selection process emphasizes finding a candidate who can uphold the Fed's tradition of non-partisanship.
📖 Full Retelling
🐦 Character Reactions (Tweets)
Econ SatiristKevin Hassett's Fed dreams are crashing harder than the stock market in 2008. Loyalty to Trump? More like a liability to the Fed!
Fed WatcherHassett's Fed hopes are as independent as a puppy in a room full of squeaky toys. #PoliticsOverEconomics
Policy PunditHassett's Fed bid: A masterclass in how not to play the independence game. Trump loyalty? More like a Fed no-no!
Economic JesterHassett's Fed dreams are as dead as a dodo. Loyalty to Trump? The Fed says 'hard pass'!
Central BankerHassett's Fed hopes are as independent as a goldfish in a bowl. The Fed needs a leader, not a loyalist!
Monetary MavenHassett's Fed bid: A cautionary tale of mixing politics and economics. The Fed says 'no thanks' to Trump's BFF!
💬 Character Dialogue
🏷️ Themes
Political Influence, Economic Policy, Independence, Federal Reserve
📚 Related People & Topics
Economic Policy (journal)
Academic journal
Economic Policy is a quarterly peer-reviewed academic journal published by Oxford Academic on behalf of the Centre for Economic Policy Research, the Center for Economic Studies (University of Munich), and the Paris School of Economics. The journal was established in 1985 and covers international eco...
Independence
Condition of a nation with self-governance
Independence is a condition of a nation, country, or state, in which residents and population, or some portion thereof, exercise self-government, and usually sovereignty, over its territory. The opposite of independence is the status of a dependent territory or colony. The commemoration of the indep...
Donald Trump
President of the United States (2017–2021; since 2025)
# Donald John Trump **Donald John Trump** (born June 14, 1946) is an American politician, media personality, and businessman currently serving as the **47th president of the United States**. A member of the Republican Party, he previously served as the **45th president** from 2017 to 2021. --- ##...
Jerome Powell
American central banker (born 1953)
Jerome Hayden "Jay" Powell (born February 4, 1953) is an American central banker who has been the 16th chair of the Federal Reserve since 2018. He was previously both a lawyer and investment banker in the private sector before entering public service. A native of Washington, D.C., Powell graduated...
Federal Reserve
Central banking system of the US
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to th...
🔗 Entity Intersection Graph
Connections for Economic Policy (journal):
- 👤 Kevin Warsh (2 shared articles)
- 👤 Donald Trump (2 shared articles)
- 🏢 Federal Reserve (2 shared articles)
- 🌐 United States Secretary of the Treasury (1 shared articles)
- 🌐 Interest rate (1 shared articles)
📄 Original Source Content
Kevin A. Hassett had been seen as the front-runner in the Fed race, but his deep ties to the president raised questions about his independence.