Trump's next move: turning the Fed into his own?

Recently, a big news has leaked from the White House – Kevin Hassett, the director of the National Economic Council, is very likely to be the one who will sit in the Fed chair in 2026. Trump almost named him directly at the cabinet meeting, which hints that it couldn't be more obvious.

Why was he chosen?

Hassett is 63 this year, and can be considered one of the veterans in Trump's economic team. He has several particularly relevant points: First, he supports radical interest rate cuts, completely aligning with Trump's idea that "the lower the interest rates, the more vibrant the economy"; second, his resume is impressive—he has worked as a Fed economist and served as the chairman of the President's Council of Economic Advisers from 2017 to 2019; third, and most importantly, he has been deeply involved in the design of Trump's economic policies since 2017, making him one of "his own."

If Hasset really takes office, the global financial markets in 2026 may have to adapt to a central bank that is more obedient and more in sync with the White House's pace. This could mean a looser liquidity environment for risk assets like BTC and ETH—of course, provided the market is willing to buy into it.