Fed Frontrunner Hassett a 'Credible' Economist, Says Citi's Kaiser

White House National Economic Council Director Kevin Hassett is seen as the frontrunner to be the next Federal Reserve chair.. Hassett is seen as closely aligned with President Trump’s view on the economy, including that interest rates need to be lowered further. Hassett also criticized the central bank for losing control of inflation in the wake of the pandemic. However, Citi Head of US Equity Trading Strategy Stuart Kaiser referred to Hassett as being 'on the credible side of things' from an economic perspective. He joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break down the Hassett pick and the state of the markets. (Source: Bloomberg)