Trump Advisor Kevin Hassett Allegedly Front-Runner for Fed Chair Position: Insights from Polymarket and Kalshi Bettors
Hassett as Frontrunner for Fed Chair: Kevin Hassett, former Council of Economic Advisers head, is reportedly the leading candidate to become the next Federal Reserve Chair, favored by President Trump and his allies for his approach to lowering interest rates.
Trump's Criticism of Powell: President Trump has been critical of current Fed Chair Jerome Powell for not cutting interest rates quickly enough, advocating for a reduction to 1% or 2% from the current 3.75% to 4.00%.
Hassett's Crypto Background: Hassett has expressed a preference for lower interest rates and has ties to the cryptocurrency sector, having served on Coinbase's advisory council and holding a significant stake in the company.
Market Predictions on Nomination: Prediction markets indicate a 52% to 55% chance that Trump will nominate Hassett as the next Fed Chair, although the nomination is not finalized until officially announced.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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