Hassett Eyes Fed Role Amid Powell Investigation Uncertainty

White House National Economic Council Director Kevin Hassett, on January 12, 2026, discussed the DOJ’s investigation into Fed Chair Jerome Powell, expressing interest in a Federal Reserve role.

This investigation raises concerns about Federal Reserve integrity during economic uncertainty, impacting markets and potentially influencing future central bank leadership decisions.

DOJ Probe Sparks Uncertainty for Fed’s Future

Amid potential DOJ action against Jerome Powell, Kevin Hassett noted uncertainty about President Trump approving the probe. Hassett praised Powell but confirmed interest in a possible Fed role. The investigation focuses on building renovation costs, potentially affecting Powell’s position.

“Well, in the fullness of time, we’ll find out whether it looks like a pretext… But right now, we’ve got a building that’s got, like, dramatic cost overruns… I hope everything turns out OK,” Kevin Hassett remarked about the ongoing investigation. Market stability is at risk due to ongoing speculation about the investigation’s impact. Federal Reserve leadership changes may shape future monetary policies. Significant decisions are imminent as Powell’s term ends soon.

Kevin Hassett emphasized transparency, saying, “more transparency at the Fed” could satisfy market concerns. As discussions continue, Hassett appears to be a strong candidate if changes proceed at the Federal Reserve.

Fed Leadership Changes May Impact Crypto Markets

Did you know? The last time the Federal Reserve faced significant leadership scrutiny was during the financial crisis in 2008, highlighting the impact of consistent monetary strategy amidst fluctuating policies.

According to CoinMarketCap, Ethereum (ETH) is priced at $3,097.40, with a market cap of $373.84 billion and a dominance of 12.04%. Trading volumes surged 129.63%, despite a recent 0.40% price drop within 24 hours, reflecting ongoing volatility.

Coincu research suggests upcoming shifts in Federal Reserve leadership could influence economic strategies, potentially impacting cryptocurrency markets. Historical trends indicate that stable governance is crucial for maintaining market confidence and minimizing economic disruption.