Wall Street frets over Hassett as potential Fed chair

4 December 2025 · 10m

FT News Briefing

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Bond-market investors worry that the leading candidate for Fed chair is too close to US President Donald Trump, while HSBC finally picks its new chair. Plus, the EU has a last-minute plan to fund Ukraine’s economic revival.

Mentioned in this podcast:

Bond investors warned US Treasury over picking Kevin Hassett as Fed chair

HSBC appoints Brendan Nelson as chair after chaotic search

Brussels floats ‘emergency’ powers to raise €210bn from Russian assets

Tell us whether your spending habits have changed this holiday season. Email Marc at [email protected]

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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