Ah, yes. Kevin Hassett. The name itselfā¦ suggests a certainā¦ ambition. And apparently, his potential elevation to the Chairmanship of the Federal Reserve has set off a rather amusing little dispute amongst those who spend their days staring at numbers. The crypto crowd, naturally, is practically giddy with delight. The bond market? Well, they appear to be experiencing something akin to a mild existential crisis.
One hears whispers now, rather frantic whispers, concerning private anxieties expressed to the US Treasury. Such drama! š
Bond Markets Exhibit a Delicate Constitution
Apparently, those in the world of bondsso very sensible, you understandhave privately confided in the Treasury that Mr. Hassett might be inclined towardsā¦ shall we say, enthusiastic rate cuts. A politically motivated zeal, perhaps? Itās unsettling, truly. The Financial Times, ever the purveyor of such anxieties, has dutifully reported it all.
Discussions with Wall Street types – always a reliable source of gloom, those people – revealed a shared concern: that under a Hassett-led Fed, controlling inflation might become a secondary concern, a mere footnote in the grand narrative ofā¦ something else. Anything else, really.
The investors are worried he’d lower rates even if prices continue to stubbornly refuse to behave. A most unorthodox idea. One almost feels sorry for them. Almost.
And during earlier conversations, he dared to mention matters outside the realm of strict economic indicators! The scandal! The sheer audacity! Does he not understand the weight of tradition?
The prediction markets, those fickle creatures, now suggest Mr. Hassett has a rather substantial lead in this race, leaving poor Waller and Warsh trailing behind like distant, forgotten memories.
Crypto Markets Embrace the Chaos
But let us not forget the crypto enthusiasts, shall we? They see thingsā¦ differently. To them, Mr. Hassettās position is a veritable invitation to a grand party, fueled by easy money and a weakened dollar. A trifecta of delights for Bitcoin, Ethereum, and any altcoin brave enough to join the festivities.š¾
Heās stated, quite plainly, that heād cut rates immediately if he were in charge. A bold move! And so very unlike the cautious, data-driven approach of the current chairman, Mr. Powell. Itās refreshing, in a slightly alarming way.
And then thereās the small matter of his past association with Coinbase and a rather substantial investment in COIN stock. A conflict of interest, some might say. Others, a shrewd endorsement of the future. Who are we to judge? š
Who is Kevin Hassett?
Trump’s Frontrunner for Next Fed Chair?
Longtime Trump ally: CEA Chair (2017-2019), now NEC Director in Trump 2.0
Ultra-dovish: repeatedly calls for aggressive rate cuts, prioritizes growth & jobs over inflation fighting
Would execute Trump’s dream ofā¦
– 0xMarioNawfal (@RoundtableSpace) November 30, 2025
A Bitwise strategist, a Mr. Leon, has even declared a Hassett-led Fed to be āstrongly bullish,ā praising his crypto-friendly leanings and lamenting the current rates as being unduly restrictive. Such passion!
If Kevin Hassett becomes Fed Chair, the implications for crypto are strongly bullish.
1. Aggressive “dove” who has publicly criticized current rates for being too high and advocated for deeper, faster cuts.
2. Led the White House digital asset working group to shape pro-cryptoā¦
– Juan Leon (@singularity7x) November 25, 2025
Politics, As Always, Complicate Matters
The President, naturally, has been offering hisā¦ opinions on the matter. Heās been rather critical of Mr. Powell, hinting rather unsubtly that heās already made up his mind about his successor. So decisive!
And now, word is circulating that Treasury Secretary Mnuchin might be in line for a promotion, should Mr. Hassett get the nod. Apparently, a coordinated effort is underway to reshape the economic leadership. Itās almostā¦ theatrical.
BREAKING: President Trump is reportedly considering making Treasury Secretary Bessent his top economic adviser if Kevin Hassett becomes the next Fed Chair.
This would be in addition to Bessentās current job as Treasury Secretary.
A new era of financial policy is coming.
– The Kobeissi Letter (@KobeissiLetter) December 3, 2025
This, of course, does little to soothe the anxieties of the bond market. They fear a situation where the Fed rushes into easing while inflation lingers. A weakening of credibility, they fret! And deficits remain, large and alarming.
It seems we have a rather peculiar situation: crypto investors are dreaming of riches, while the bond market prepares forā¦ something quite unpleasant. A rare divergence, indeed.
With Mr. Powellās term drawing to a close in May of next year and interviews underway, the coming weeks will shape expectations. One almost dreads the suspense.
An official announcement is expected early next year. Until then, we shall observe, with a mixture of amusement and trepidation, as the possibility of a dove, friendly to crypto, becomes increasingly real. It promises to beā¦ interesting. š
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2025-12-04 09:25