Trump Names Warsh, Hassett as Top Fed Contenders, WSJ Says
The article reports that President Donald Trump has named Kevin Hassett and Kevin Warsh as the top contenders to lead the US Federal Reserve. According to the Wall Street Journal, Trump expects the next Fed chair to consult with him on interest rate decisions. Hassett is the current chairman of the White House Council of Economic Advisers, while Warsh is a former Fed governor. Trump's comments suggest that he wants a more active role in the Fed's monetary policy decisions, which is a departure from the central bank's traditional independence. The article highlights the ongoing tension between the White House and the Fed, as Trump has repeatedly criticized the central bank's interest rate hikes. The news comes as the current Fed chair, Jerome Powell, is facing increasing pressure from the president to cut rates and support economic growth.
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