The Federal Reserve as we know it ends in 2026. The most important driver of asset returns next year will be the new Federal Reserve, specifically the regime shift brought by Trump's new Fed Chair. Hassett has emerged as Trump’s top pick to lead the Federal Reserve (70% odds on Kalshi  as of Dec 2). Currently serving as Director of the National Economic Council, he is a supply-side economist and long-time loyalist who champions a "growth-first" philosophy, arguing that with the inflation war...