Reported 25 days ago
President Trump has narrowed his shortlist for the next Federal Reserve chair to four candidates, excluding Treasury Secretary Scott Bessent after Bessent expressed he prefers to remain in his current position. The potential contenders include former Fed governor Kevin Warsh, current economic council director Kevin Hassett, and Fed governor Chris Waller, who has recently called for rate cuts. Following the resignation of Fed governor Adriana Kugler, Trump plans to announce a replacement soon, which could impact the Fed's direction on interest rates.
Source: YAHOO