Insider: Yellen Emerges as Top Contender for Fed Chair, Fed Poised for Historic Shift

By: theblockbeats.news|2025/11/26 08:15:55
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BlockBeats News, November 26th, according to sources familiar with the matter, as the selection of the new Federal Reserve chair enters the final weeks, in the eyes of the White House advisory team and Trump allies, Kevin Hassett, the Chair of the National Economic Council, has emerged as the top candidate to take over the Fed.

The unnamed source said that if Hassett is appointed, Trump will install a close ally whom he knows and trusts in the independent central bank. Some individuals have pointed out that Hassett is seen as the person who could bring Trump's rate-cutting ideas to the helm of the Fed—an institution that Trump has long sought to influence, facing a historic turning point.

However, they also cautioned that Trump is known for unexpected personnel decisions, and everything is subject to change until the formal nomination is announced. White House press secretary Karoline Leavitt stated in a declaration: "No one can predict the President's decisions before President Trump takes action." Fox News White House reporter Edward Lawrence also mentioned that there is currently no frontrunner for the selection of the next Federal Reserve chair.

A senior U.S. official confirmed that the final list of candidates had not yet been submitted to the White House. The selection of the Federal Reserve chair and board members has always been the most direct way for a president to influence the central bank. During his first term, Trump nominated current chair Jerome Powell, and when Powell did not cut rates as quickly as expected, the President expressed regret over his initial decision.

Hassett is in sync with Trump on economic policy and both believe that further rate cuts are necessary. (FXStreet)

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WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

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WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.

LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

 Instagram: @WEEX Exchange 

Tiktok: @weex_global 

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Discord: WEEX Community 

Telegram: WeexGlobalGroup

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