[Selection Process for Federal Reserve Chair Nears Completion, Hassett Reportedly the Top Choice] BlockBeats News, November 26, according to sources familiar with the matter, as the selection process for the new Federal Reserve Chair enters its final weeks, Kevin Hassett, Director of the White House National Economic Council, is seen by President Trump’s advisors and allies as the most likely candidate for the position. Sources indicate that if Hassett were to take the role, Trump would be able to place a trusted and familiar ally within the Federal Reserve. Some also claim that Hassett is viewed as someone who could bring Trump’s interest in rate cuts into the Federal Reserve, a direction Trump has long sought to influence. However, they also noted that Trump is known for making unexpected personnel and policy decisions, so nothing is certain until the official announcement. Hassett is considered to be highly aligned with Trump’s economic views, including the belief that interest rates need to be lowered. In a Fox News interview on November 20, Hassett stated that if he were the Federal Reserve Chair, he "would cut rates right now" because "the data shows we should do so." (Jin10)