Trump Eyes Unexpected Candidates for Federal Reserve Chair
U.S. President Donald Trump discussed potential candidates to replace Federal Reserve Chairman Jerome Powell, indicating the inclusion of both expected and surprising names. Trump criticized Powell for slow rate cuts and confirmed Treasury Secretary Scott Bessent's disinterest in the position.
On Tuesday, U.S. President Donald Trump revealed ongoing discussions about replacing Federal Reserve Chairman Jerome Powell, hinting at unexpected candidates alongside familiar names.
During an Oval Office meeting with Saudi Crown Prince Mohammed bin Salman, Trump described the candidate list as a mix of conventional and surprising choices, asserting the need for political correctness at times.
Trump continued to express dissatisfaction with Powell, whom he has accused of not reducing interest rates swiftly enough, and confirmed that Treasury Secretary Scott Bessent is uninterested in the role.
(With inputs from agencies.)
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