Treasury Secretary: Trump may announce the new Federal Reserve Chairman before Christmas
US Treasury Secretary Scott Besent said on Tuesday that US President Donald Trump is likely to choose a new Chairman of the Federal Reserve before Christmas, December 25.
The US Treasury Secretary added – according to what was reported by the Washington Times newspaper: American – Choosing a new head for the Federal Reserve before Christmas or in the new year is within the powers of Trump alone.
The newspaper indicated that Trump is keen to appoint a successor to Federal Reserve Chairman Jerome Powell, who angered Trump by taking a cautious approach to lowering interest rates this year.
The Treasury Secretary did not mention any names of the candidates for this position and said that he still has an interview ahead of him. Others before making the final decision to choose a successor to Powell, whose term ends next May.
US administration officials said – earlier – that the candidates who could replace Powell are the two current members of the Federal Reserve Board, Christopher Waller and Michael Bowman, former Federal Reserve Governor Kevin Warsh, White House economic advisor Kevin Hassett, and Rick Reeder, chief investment officer in the global fixed income division at Black. Rock.
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