White House National Economic Council Director Kevin Hassett said he supports Jerome Powell remaining at the Federal Reserve temporarily if a successor is not confirmed by the Senate when Powell's term expires next month. The comment is mainly a governance and transition update, with no policy change or market-sensitive decision announced. Impact is likely limited unless it signals a broader delay in Fed leadership turnover.
White House National Economic Council Director Kevin Hassett said he supports Jerome Powell remaining at the Federal Reserve temporarily if a successor is not confirmed by the Senate when Powell's term expires next month. The comment is mainly a governance and transition update, with no policy change or market-sensitive decision announced. Impact is likely limited unless it signals a broader delay in Fed leadership turnover.
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