Trump's endorsement of Warsh elevates him to the top of the list for the next Federal Reserve Chair.
TechFlame
2025-12-13 15:43
TechFlame2025-12-13 15:43
English
TechFlame News - According to The Wall Street Journal, U.S. President Donald Trump said on Friday that Kevin Warsh has jumped to the top of his list of candidates for the next Federal Reserve chair, though other contenders remain in the running. Previously seen as a candidate but not the front-runner, Warsh, a former Federal Reserve governor, apparently gained further favor after meeting with Trump on Wednesday.
"Yes, I think he is," Trump told the media when asked if Warsh was at the top of the list, according to an interview released on Friday afternoon. Regarding Kevin Hasset, director of the National Economic Council, who was previously predicted by the market as the front-runner, Trump said, "I think both Kevins are great." "I think there are a couple of other very good people," he added.
Hasset had previously emerged as the leading candidate. In public, when asked about the possibility of taking the position, he has been cautious, only saying he would accept if invited. Massachusetts Democratic Senator Elizabeth Warren said on CNBC on Thursday that she is concerned Trump will appoint a "puppet" as Fed chair to carry out his wishes.
In addition to placing greater emphasis on Warsh's potential appointment, Trump reiterated his past view that the Fed chair should consult with the president on interest rate decisions. This move would overturn the tradition of the Federal Reserve maintaining its independence.