Key ideas from Kevin Hassett

• Bond investors expressed concerns to Treasury about Kevin Hassett as Fed chair candidate, fearing ultra-dovish policy amid rising inflation
• EU proposes using 210 billion euros of frozen Russian assets to loan Ukraine for two years without requiring unanimity
• HSBC appoints Brandon Nelson as chair after rushed process, with board divided on other candidates' suitability
• Treasury Department solicited feedback from big bond investors and Treasury Borrowing Advisory Committee members on Fed chair candidates
• Belgium holds 185 billion euros of frozen Russian assets and opposes EU plan, demanding guarantees against legal retaliation
• Scott Besant's Treasury maintains uniquely close relationship with market participants compared to predecessors