Wall Street Journal: Trump considers naming next Fed chair early - bid to undermine Powell ...Middle East

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Wall Street Journal: Trump considers naming next Fed chair early - bid to undermine Powell
source : forex live ( Middle East ) () 20

Federal Reserve Chair Jerome Powell's term runs for another 11 months.

The Journal (gated) says Trump is considering naming his successor soon. In brief:

    has toyed with the idea of selecting and announcing Powell’s replacement by September or October, according to people familiar with the matterOne of these people said the president’s ire toward Powell could prompt an even-earlier announcement sometime this summer. Trump is considering former Fed governor Kevin Warsh and National Economic Council director Kevin Hassett, according to people familiar with the matterTreasury Secretary Scott Bessent is being pitched to Trump by allies of both men as a potential candidate, some of these people said. Other contenders include former World Bank President David Malpass and Fed governor Christopher Waller. This article was written by Eamonn Sheridan at www.forexlive.com.

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