Trump Says He Has Made Up His Mind on His Fed Chair Pick
The New York Times••business
Key Points:
- President Trump stated he has made a decision on his nominee for the next Federal Reserve chair but has not disclosed the name, mentioning that Kevin A. Hassett, his top economic adviser, is among the candidates he favors.
- The new Fed chair will face significant pressure as Trump seeks to lower borrowing costs, continuing the tension seen during Jerome H. Powell’s term, which ends in May.
- Despite congressional safeguards designed to keep the Federal Reserve independent, Trump has openly expressed his desire for a chair who will align with his economic goals, warning that anyone opposing him would not be appointed.
