The Republican president confirmed that the “two kevins” are among the candidates. He kept the other two candidates secret.
He President of the United States, Donald Trumprevealed Monday in folder Four candidates to happen to the head of the US Federal Reserve (FED), Jerome Powellwhom he seeks to move from his position. Among the candidates is not the Treasury Secretary, Scott Besentwho would have rejected the position to prefer to stay in his current function.
“I love Scott, but he wants to stay where he is”Trump declared in an interview with American television, praising the management of the official. “He is doing a great job and wants to continue doing what he does. He doesn’t want it. He likes to be secretary of the treasure,” added the president.
Trump said he consulted Besent directly about his interest in directing the US Central Bank. “I asked him if this is something he wants. He told me no, that he wants to stay where he is. In fact, he told me: ‘I want to work with you. It’s a great honor ‘”he commented.
FAVES FOR FED
Once Besent was discarded, the president confirmed that among his candidates are Kevin Warshformer governor of the Fed, and Kevin Hasettcurrent director of the National Economic Council and Key Advisor of the White House. Both officials were publicly in favor of cutting interest rates, A policy that Trump defended from his return to the presidency.
“Both Kevins are very good and there are other people who are too”Trump said. “The two Kevins are doing well and I have two other people who do well. In the end, there are many qualified people,” the president reiterated, although he did not reveal the identity of the other two candidates. “I think it will be one of the four people”Trump concluded about the future designation.
A name also cited frequently by the American press is Christopher Wallercurrent governor of the FED, and one of the two agency officials who opposed the support of the rates at their current level, generating the greatest degree of dissent in the Fed since 1993. The other was the supervision vice president Michelle Bowman.
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Federal Reserve
Anticipated opportunity
The presidential decision becomes more relevant after Adriana Kugler’s last Friday, who communicated his resignation to the Board of Governors of the Fed, anticipating the expiration of your mandate planned for January. To that is added the dismissal to Erika Mtntarferdirector of the Labor Statistics Office (BLS).
Powell’s choice will be key to defining the course of US monetary policy in the coming years, especially in a context where the decisions of the North American Central Bank have direct impact on global markets.
Source: Ambito
