Hassett Says He Supports Fed Chair Powell Staying On ‘Pro Tempore’

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.

Analysis

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.