Wall Street bosses and corporate CEOs alike have launched a last-ditch effort to persuade President Trump not to pick Kevin Hassett as the next chairman of the Federal Reserve – but they aren’t making any big bets they’ll succeed, On The Money has learned.

Like all things involving Trump, the president is rarely moved by outside pressure and generally operates from the gut. And in his gut, it’s pretty clear he wants Hassett, the current chief of the National Economic Council, to replace Jerome Powell.

The prediction markets have Hassett’s chances of succeeding Powell , who Trump privately and publicly loathes, at around 80%. Trump, meanwhile, clearly loves Hassett, a longtime Trump loyalist who served as head of the Council of Economic Advisers in his first term.

Hassett is TV rea

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