Fed Contender Hassett Says Market Is Ready for Trump’s Pick (1)

White House National Economic Council Director Kevin Hassett touted a positive market response to indications that Donald Trump could pick the next Federal Reserve chair before the end of the year — a job that the president’s chief economic adviser is seen as likely to win.

Hassett, speaking on CBS’ Face the Nation on Sunday, declined to address whether he considers himself the front-runner to replace Fed Chair Jerome Powell in response to Bloomberg News reporting last week that he is seen as the leading contender, though he called the report a “rumor.”

However, he cited positive market reaction to ...