Bond investors have told the US Treasury they are concerned about Kevin Hassett’s potential appointment as Federal Reserve chair, worrying he will cut interest rates aggressively to please President Donald Trump.
The Treasury department solicited feedback on Hassett and other candidates in one-on-one conversations with executives at major Wall Street banks, asset management giants and other big players in the US debt market, according to several people familiar with the conversations.
Bond termites, not vigilantes, are the big risk
https://www.reuters.com/markets/bond-termites-not-vigilantes-are-big-risk-2025-12-03/