Kevin Hassett is emerging as a frontrunner for the Federal Reserve Chair position following President Biden’s administration has been making efforts towards nominating someone with a history of advocating for interest rate cuts. Markets are currently anticipating an 87% probability of a third rate cut by December, which aligns with Hassett’s preference for lower interest rates to potentially stimulate economic growth. This potential appointment could significantly impact the U.S. monetary policy landscape and influence financial markets. Hassett’s history of aligning with former President Trump’s economic views on rate cuts suggests that the Fed might deviate from traditional approaches, impacting the stability of the economy. 10-year Treasury yields are declining, indicating positive market sentiment about Hassett’s potential appointment. His stance could influence interest rates and reshape how financial, regulatory, and technological sectors function. Hassett has expressed support for lowering interest rates, aligning with former President Trump’s economic philosophy on the matter. Markets predict a 87% chance of a rate cut by December, largely influenced by Hassett’s potential nomination and policies.