While the tension between the White House and the Fed, With cross accusations and threats of layoffs by the tycoon for its members, the president’s economic advisor, Kevin Hasset, He anticipated that the last name of Powell’s replacement is not yet defined.
“I would expect this to lengthen a few more months before President Donald Trump) decides who will be the next president of the Fed”Said the director of the National Economic Council, Hasett, in an interview with CNBC on Monday.
Hasset cited the ongoing interviews of the United States Treasury Secretary, Scott Besent, to possible candidates.
The names that Donald Trump considers for the Fed
The government of Donald Trump deck the name of Governor of the Federal Reserve (FED) Christopher Waller as one of the main candidates to succeed Jerome Powell as the next president of the US Central Bank.
Waller already met with members of President Trump’s team, who were impressed with him, although he was not yet met with the presidentBloomberg News reported days ago.
Trump’s choice will be examined closely by his perceived capacity to carry out monetary policy without giving in political pressurea quality that economists ensure that it is the basis of the ability of any central bank to combat inflation and what supports the financial stability of the US economy.
Another name that circulated was that of Scott Besent. “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.
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.
Donald Trump’s threat to a governor of the Fed
The president of the USA, Donald Trump, prepares to fire one of the governors of the Fed, Lisa Cookafter a complaint of alleged fraud Mortgage On Wednesday, the tycoon urged her to resign. Since then, the Federal Reserve He has kept silence.
In a letter to the attorney general, Pam Bondi, the director of the Federal Housing Financing Agency, William Abute, He said Cook “Banking documents falsified and property records for Acquire more favorable loan termspotentially committing Mortgage fraud “.
Source: Ambito
