Report: The bond market is concerned that Hasset may lower interest rates to please Trump and has warned Treasury Secretary Basant about this

Wallstreetcn
2025.12.03 18:31

The Financial Times of the UK cited several informed sources reporting that bond investors have warned the U.S. Treasury about the possibility of Hassett becoming the Chairman of the Federal Reserve.

They are concerned that Hassett may lower interest rates to please President Trump.

In November, the Treasury Department, led by Secretary Mnuchin, had solicited opinions.

After the Cabinet meeting on December 2, Trump told reporters at the White House that Hassett, who was present, is a "potential Federal Reserve Chairman," and he may announce the appointment decision in January.

As of December 4, 02:26 Beijing time, the yield on the U.S. 10-year Treasury bond remained down more than 2 basis points, while the yield on the 2-year Treasury bond remained down more than 1.6 basis points

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