On Tuesday, President Trump signaled he has narrowed down his list of potential replacement candidates to become the next Federal Reserve chair.
Trump said possibilities for the positions, including chair, are former Fed Governor Kevin Warsh, White House economic adviser Kevin Hassett and two others whom the president declined to name.
Federal Reserve Chair Jerome Powell’s term expires in May 2026.
“There are numerous people who are qualified. I think it will be one of four people. I’m going to make a decision soon,” the president said.
“Both Kevins are very good, and there are a lot of other people who are very good,” he added.
The Washington Times reports:
Warsh served as Fed governor from 2006 and 2011 and became former Fed Chairman Ben Bernanke’s liaison to Wall Street during the 2008 final crisis. He is also a known figure to Mr. Trump, who interviewed him for the chair before selecting Mr. Powell.
Warsh has criticized the Fed, suggesting it should look past increases in inflation due to tariffs because it would be a one-time increase in prices. He has also said the Fed has “lost its way” and needs “a reformer to fix” the central bank and rebuild its credibility.
Hassett, meanwhile, serves as Mr. Trump’s chief economic adviser and served in the first Trump administration. Earlier this year, he said he is focused on the 10-year Treasury yield rather than quick monetary policy changes through the Federal Reserve.
President Trump said Tuesday he was taking Treasury Secretary Scott Bessent off the list of prospective candidates.
“Well I love Scott, but he wants to stay where he is,” Trump said on CNBC. “I asked him just last night, ‘Is this something you want?’ ‘Nope I want to stay where I am.’”
“I just take him off. He does not want it. He likes being Treasury secretary,” Trump added.
Did he do any research on them, or is somebody just whispering in his ear, again? Trump is too trusting, believes everybody in our government is good. Not so! He should ask “WE THEPEOPLE” to research them, if he wants the truth. You think he’d have learned his lesson by now, but… NOPE!