According to ChainCatcher, U.S. President Trump stated on Friday that Kevin Warsh has risen to the top of his list for the next Federal Reserve chair, although other candidates are still in the running. Warsh, who was previously viewed as a candidate on Trump's list but not the most favored, evidently gained further favor after meeting with Trump on Wednesday.
“Yes, I think he is,” Trump stated to the media when asked if Warsh was at the top, according to an interview released Friday afternoon. Speaking about the previously predicted favorite candidate, National Economic Council Director Kevin Hasset, Trump said, “I think both Kevins are great.” “I think there are a few other excellent candidates as well,” he added.
Hassett had previously emerged as the leading candidate. In public appearances, when asked about the possibility of taking over the position, he has remained cautious, only stating that he would accept if invited. Massachusetts Democratic Senator Elizabeth Warren stated on Thursday on NBC's financial channel that she is concerned Trump will appoint a 'puppet' as Federal Reserve Chair to carry out his wishes.
In addition to further emphasizing that Waller may be appointed to the position, Trump reiterated his past view that the Federal Reserve Chair should consult the president on interest rate decisions. This move would overturn the tradition of the Federal Reserve maintaining its independence.
