Wall Street power brokers are scrambling to block President Trump’s potential choice of Kevin Hassett as Federal Reserve chair, exposing just how desperate the financial establishment is to keep control over America’s money and Main Street’s future.
Story Snapshot
- Major banks and hedge funds reportedly lobbying hard against Kevin Hassett as Trump’s favored pick for Fed chair.
- Opposition reflects Wall Street’s fear of tighter discipline on inflation, easy-money addiction, and political loss of influence.
- Trump’s second-term agenda prioritizes Main Street growth, sound money, and breaking the old globalist consensus.
- Conservatives see the fight over the Fed as a test of whether Washington serves working families or financial elites.
Wall Street pushback against Hassett
Reports indicate that senior figures across Wall Street are moving behind the scenes to stop Kevin Hassett from becoming the next Federal Reserve chair, even as President Trump openly floats his name as a leading contender. Their concern centers on the possibility that a Trump-aligned economist at the Fed could shift policy away from the easy money and bailout culture that has long benefited big banks. For many conservative readers, this behind-the-curtain pushback looks like another example of the permanent financial class trying to overrule voters.
Kevin Hassett, a long-time conservative economist and former Trump economic adviser, has built a reputation as someone willing to question the globalist consensus that dominated the Fed under previous administrations. He has supported policies that emphasize strong growth, lower taxes, and a tighter focus on domestic prosperity instead of endless deference to international financial institutions. That combination makes him appealing to those who want an America First monetary policy, but threatening to institutions that profit from cheap credit and complex financial engineering.
Why the financial elite is worried
Large banks and investment firms depend heavily on a Federal Reserve willing to keep interest rates low, expand its balance sheet, and step in quickly during market turbulence, because that framework protects asset prices and complex leverage. A Fed chair sympathetic to Trump’s emphasis on sound money, disciplined spending, and restoring purchasing power for middle-class families could gradually reverse that pattern. If Hassett pushed for a firmer line on inflation and less automatic support for Wall Street in every crisis, the financial sector’s easy ride could end, even if that meant a healthier long-term economy for savers, retirees, and workers.
Many conservatives remember how post-2008 bailouts socialized Wall Street’s losses while ordinary Americans suffered foreclosures, layoffs, and stagnant wages. They also watched inflation erode savings under the Biden-era spending binge that flooded the system with cheap money and debt. Against that backdrop, Wall Street’s effort to veto a Fed chair who might prioritize stability over speculation looks less like a technical disagreement and more like a struggle over who the system should really serve. The choice of Fed chief will determine whether policy keeps rewarding financial engineering or finally returns to rewarding work, saving, and production.
Trump’s second-term priorities and the Fed
President Trump’s second-term agenda has centered on securing the border, crushing inflation, unleashing American energy, and dismantling the regulatory and DEI machinery that weighed on growth and family life. A Federal Reserve chair aligned with that vision could reinforce those priorities by resisting pressure for endless stimulus, warning against runaway federal deficits, and supporting a strong dollar that protects the buying power of working Americans. That approach would stand in sharp contrast to years of policies that treated inflation as an acceptable price for aggressive government expansion and speculative gains.
For conservatives, the Fed is not some neutral, untouchable “expert” body; its choices have real consequences for mortgage payments, retirement accounts, small business loans, and the value of every paycheck. If Hassett ultimately takes the helm, his success or failure would help determine whether Trump’s broader promise to restore prosperity without surrendering to inflation can fully materialize. Wall Street’s resistance therefore signals how high the stakes truly are: a victory for Hassett would be a victory for those who want the financial system back on the side of productive Americans instead of protected insiders.
Wall Street moves to stop Trump from picking Kevin Hassett as next Fed chief — here’s why https://t.co/fLaMDkyhCF pic.twitter.com/Ji3SG2KUqU
— NY Post Business (@nypostbiz) December 5, 2025
At bottom, this battle over one position reveals a much larger question: will the next phase of American economic policy continue to prioritize leveraged speculation and global integration, or will it finally realign around stable money, national strength, and the financial dignity of families who play by the rules? Readers who lived through the inflation, border chaos, and ideological overreach of the last administration know how costly elite mismanagement can be. They also know that when Wall Street fights this hard to stop a Trump pick, it usually means that pick would shift power back toward Main Street.
