Politics1/13/2026•Bloomberg

Hassett May Be 'Done' As Fed Pick: Whalen

Hassett May Be 'Done' As Fed Pick: Whalen

The article discusses the ongoing political and legal attacks by the Trump administration on the Federal Reserve and its chairman, Jerome Powell. Chris Whalen, the Chairman of Whalen Global Advisors, suggests that President Trump's attacks have been "mismanaged" and believes that Powell is likely to remain as a governor until 2028. Whalen also suggests that Kevin Hassett, the National Economic Council Director, may be "done" as a candidate for the position of Federal Reserve Chairman. The article highlights the tensions between the Trump administration and the Federal Reserve, as well as the potential changes in the leadership of the central bank.

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