Federal Reserve Chair Jerome Powell’s term runs for another 11 months.
The Journal (gated) says Trump is considering naming his successor soon. In brief:
- has toyed with the idea of selecting and announcing Powell’s replacement by September or October, according to people familiar with the matter
- One of these people said the president’s ire toward Powell could prompt an even-earlier announcement sometime this summer.
- Trump is considering former Fed governor Kevin Warsh and National Economic Council director Kevin Hassett, according to people familiar with the matter
- Treasury Secretary Scott Bessent is being pitched to Trump by allies of both men as a potential candidate, some of these people said.
- Other contenders include former World Bank President David Malpass and Fed governor Christopher Waller.
This article was written by Eamonn Sheridan at www.forexlive.com.
