Saturday, August 9, 2025
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Trump says he has four candidates to direct the Fed

Donald Trump said Tuesday that he had a list of four candidates to take the lead of the powerful American central bank, the Fed, and said that his secretary of the treasure, Scott Bessent, did not appear there.

The current boss of the federal reserve, Jerome Powell, bane of the American president who asks him in vain to lower the rates, will complete his mandate in May 2026.

Asked about his succession during an interview by phone with the channel CNBCTrump judged that Both Kevin [étaient] very good.

He referred to Kevin Hassett, today his main economic adviser, and Kevin Warsh, who sat on the Council of Governors of the Fed from 2006 to 2011, after being adviser to the Republican President George W. Bush.

Kevin Hassett, the director of the Council of Economic Advisors (Archives Photo)

Photo : Getty Images / Win McNamee

I have two other people who manage very wellhe added, without saying more.

The American president said, however, that the Treasury Secretary, Scott Bessent, was not in the running.

I remove it from the list. He doesn’t want The post, He likes to be secretary to the Treasurya dit M. Trump.

Before replacing the current Fed boss, Donald Trump saw another possibility of appointment with the resignation, announced on August 1, of Governor Adriana Kugler.

The American president therefore has the opportunity to bring a new person into the committee which sets interest rates.

The 79 -year -old republican relentlessly attacks Jerome Powell, according to him too slow to lower interest rates.

The president of the Fed, Jerome Powell, at a press conference on July 30, 2025 (archive photo)

Photo : Stay

The choice of his successor is a highly strategic appointment, at a time when the tariff war launched by the American president has made the economic prospects uncertain.

For his second mandate, Trump surrounded himself with secretaries and unwavering loyalty advisers.

harper.quinn
harper.quinn
Harper curates “Silicon Saturday,” an email digest that turns tech-patent filings into snack-sized trivia.
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