according to Fox Business reporter Charles Gasparino, insiders from Wall Street and the American business community are making a final effort to warn Trump about the problems that would arise from choosing Kevin Hassett as the Federal Reserve Chairman. The argument from Wall Street and the business community is roughly that, given the political nature of Hassett's work (Director of the National Economic Council) and his past experience, he lacks credibility among Federal Reserve staff and the market, while the market seeks independence from the Federal Reserve. Appointing Hassett would lead to rising long-term interest rates and chaos within the Federal Reserve.