Citing ChainThink, U.S. President Donald Trump stated on December 13 that Kevin Warsh has moved to the top of his shortlist for the next Federal Reserve Chair, though other candidates remain in contention. Warsh, a former Fed governor, gained favor after meeting with Trump on Wednesday. Trump confirmed Warsh's position during an interview, noting that both Warsh and National Economic Council Director Kevin Hassett are strong candidates. Massachusetts Democratic Senator Elizabeth Warren expressed concerns that Trump may appoint a 'puppet' to carry out his agenda. Trump also reiterated his belief that the Fed Chair should consult the president on interest rate decisions, challenging the central bank's independence.
Trump Elevates Kevin Warsh to Top of Fed Chair Shortlist
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Summary
Trump placed Kevin Warsh at the top of his Fed Chair shortlist, per ChainThink, after a meeting on Wednesday. Warsh, a former Fed governor, and Kevin Hassett are leading contenders. Trump reiterated that the Fed Chair should consult him on rate decisions, challenging central bank independence. Senator Elizabeth Warren warned of a potential "puppet" appointment. The move comes amid ongoing discussions on Countering the Financing of Terrorism and shifts in risk-on assets.
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