A Tale of Two Kevins—How Markets View the Leading Federal Reserve Candidates

Markets view the Federal Reserve chairman debate as hawks versus doves.

The Federal Reserve Board of Governors seal in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times

And then there were two.

President Donald Trump has narrowed the field for the next Federal Reserve chair to National Economic Council Director Kevin Hassett and former Federal Reserve board member Kevin Warsh—and the dichotomy between the two men could have implications for Wall Street.