Are US Homebuilders the Hassett Trade? What Supports This!
Wall Street is betting that Kevin Hassett has a chance to become the next FED chair. He represents a shift towards lower rates.
Reading Time: 1 minute
In May 2026, there will be a change in the position of the FED. Jerome Powell will be replaced. Donald Trump has appointed his economic advisor Kevin Hassett to the position. The US President sees him as a potential FED chairman because he recently criticized Powell's slow interest rate cuts. In the end, Hassett must be confirmed as FED chief by the Senate. If this scenario unfolds, the Hassett trade will take shape. The FED is likely to lower interest rates more swiftly. The big beneficiaries of this are US homebuilders. As mortgage rates decrease...
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