Based on Jin10, on November 13, 2025, Brian Deese, Director of the National Economic Council, stated he would accept the Federal Reserve Chair position if nominated by Trump to replace Powell. He expressed support for a 50-basis-point rate cut at the December policy meeting, though he expects only a 25-basis-point cut. Deese criticized Powell for not adopting a more aggressive rate cut amid a prolonged government shutdown and better-than-expected inflation data.
Hassett Will Accept Fed Chair Role If Nominated, Advocates for Larger Rate Cuts
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