"Extremely Dovish" Hasset is unlikely to become the chair of the Federal Reserve. Trump said he is more inclined to let him stay in his current position.

President Trump publicly praised his economic advisor Kevin Hassett during an event at the White House on Friday and indicated that he is leaning towards having Hassett continue in his current position as he considers the next nominee for Federal Reserve Chair. During the event, Trump acknowledged Hassett's presence and specifically mentioned his performance on a television program. "I see Kevin right here, and I just want to thank you. You did great on television today. To be honest, I actually want you to stay where you are right now," Trump said. He further explained that he highly values Hassett's professional capabilities and communication skills. Trump stated, "Kevin Hassett is truly outstanding. I'm thinking, if I move him, those people at the Fed, including the current chairman, they're not very good with communication, and I'd lose Kevin. This is a very real, very serious concern for me." Trump also mentioned this to White House Chief of Staff Susie Wells during his remarks, calling Hassett's performance "incredible" and emphasizing that the government "doesn't want to lose him." However, he also pointed out that the final personnel decisions will take into account various factors. These comments come as Trump weighs his nomination for the next Federal Reserve Chair. Market participants generally believe that the personnel outlook at the core of monetary policy positions at the White House could have a significant impact on future interest rate policies and financial market expectations. The news caused a short-term drop in gold and silver prices, with spot gold falling below $1,456 per ounce, down 1.24% on the day, and spot silver falling over 5%, dropping below $88.