[Wall Street and U.S. business insiders are blocking Trump from appointing Hassett as Federal Reserve Chair] Odaily Planet Daily reports that Fox Business journalist Charles Gasparino posted on the X platform, stating that insiders from Wall Street and the U.S. business community are making a final effort to warn Trump about the issues that could arise from choosing Kevin Hassett as Federal Reserve Chair. Wall Street and the business community argue that, given Hassett's politically charged role (Director of the National Economic Council) and his past experiences, he lacks credibility among Federal Reserve staff and the market, which seeks independence from the Fed. Appointing Hassett could lead to rising long-term interest rates and chaos within the Federal Reserve. If Hassett manages to lower short-term interest rates through a divided vote under persistent inflationary pressure (as Trump desires), it would be seen as political interference and could trigger inflation. Mortgage and consumer rates are benchmarked against the 10-year Treasury yield, and if they surge due to inflation concerns, it could slow the economy as the midterm elections approach. Of course, Trump may ignore all of this and proceed with his decision. Other candidates in the race for Federal Reserve Chair include Kevin Warsh and Federal Reserve Governor Christopher Waller, both of whom are potential contenders.