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Investors say: Hassett's leadership at the Federal Reserve may put pressure on the dollar
Behind the calm in the U.S. bond market regarding the prospects of White House economic advisor Kevin Hassett potentially becoming the next Federal Reserve chairman lies a hidden concern: his inclination towards interest rate cuts may weaken the value of the dollar.
Following the latest news about Hassett, bets on him succeeding Powell as Federal Reserve chairman (Powell's term ends in May next year) have increased in the market. On the betting site Polymarket, Hassett's odds have risen by 18 points to 53%, with Waller in second place at 22% and Walsh in third at 16%
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