Trump: Warsh or Hassett are candidates for Fed Chair
AI Summary1 min read
TL;DR
Trump names Kevin Warsh as top candidate for Fed Chair, with Kevin Hassett also performing well. He wants the federal funds rate to drop to 1% or lower within a year and expects the next Fed Chair to consult him on interest rate policy.
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TrumpFederal Reserve ChairKevin WarshKevin Hassettinterest rate policy
According to Mars Finance, citing Jinshi News, US President Trump stated on December 12th that former Federal Reserve Governor Kevin Warsh is the top candidate for the next Federal Reserve Chairman, and White House National Economic Council Director Kevin Hassett has also performed well. Trump hopes the federal funds rate will fall to "1% or even lower" within a year to alleviate the US Treasury's financing costs. He also mentioned that the next Federal Reserve Chairman should consult him when setting interest rate policy, but does not have to completely follow his advice.