US EditionTrump signals he has a favorite for Fed chair: ‘Down to maybe one, in my mind’
Trump’s months-long search for a new Federal Reserve chair has narrowed to one top candidate amid his push for a loyalist who aligns with his economic goals, officials said.
- On Wednesday, President Donald Trump told CNBC at the World Economic Forum in Davos, Switzerland, he is nearing the end of a search begun in September to replace Federal Reserve Chair Jerome Powell and said he's `down to maybe one` but declined to name the candidate.
- In 2025, the White House increased pressure on the Fed by escalating criticism of policymakers, threatening to remove Jerome Powell, attempting to sack Governor Lisa Cook, and preferring Kevin Hassett remain at the NEC.
- A varied candidate pool of past and current Fed officials, economists and Wall Street investors included Kevin Warsh, Former Fed Governor, Christopher Waller, Federal Reserve Governor, Kevin Hassett, National Economic Council chief, and Rick Rieder, BlackRock fixed-income head, whom Trump called `impressive`.
- With Powell's term set to end in May, his removal as chair is near certain, but if he stays two more years as governor, he would influence policy and check White House control.
- Amid a year of turmoil for the Fed, President Donald Trump said `We have a terrible chairman right now, Jerome, too late Powell, he's always too late,` blaming officials for blocking economic success.
30 Articles
30 Articles
Trump Indicates He May Be Narrowing Down Fed Chair Pick to One Candidate
President Donald Trump on Jan. 21 suggested he is narrowing down his pick for the next chair of the Federal Reserve, and indicated he prefers keeping White House economic adviser Kevin Hassett in his current position. Speaking with CNBC’s Joe Kernen in Davos, Switzerland, on Wednesday, Trump discussed the three candidates for Fed chair that he and his top aides have named publicly: BlackRock’s chief bond investment manager, Rick Rieder, Fed Gove…
President Donald Trump suggested that Jerome Powell would not enjoy his term of office if he remained on the Board of Governors of the Federal Reserve after his term as president expired, in the last attack against the head of the central bank. “We will see how everything is resolved,” Trump said in an interview with the CNBC from Davos, Switzerland, broadcast on Wednesday. However, when he was pressured on the possibility of Powell remaining as…
Trump says he may be down to one candidate to head the Fed
U.S. President Donald Trump on Wednesday indicated he was close to choosing the new chair of the Federal Reserve, adding he liked the idea of keeping White House economic adviser Kevin Hassett in his current post.
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