PANews reported on December 4th that, according to the Financial Times, bond investors have told the U.S. Treasury Department they are concerned about Kevin Hassett's potential appointment as Federal Reserve Chairman, fearing he might drastically cut interest rates to appease Trump. Several sources familiar with the matter revealed that the Treasury Department solicited feedback on Hassett and other candidates through one-on-one conversations with executives from major Wall Street banks, asset management giants, and other large players in the U.S. debt market. These conversations took place last November, after which Treasury Secretary Bessant conducted the final round of interviews with the candidates.