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Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent

06 August 2025 04:00 (UTC +04:00)

President Donald Trump said Tuesday that he’s whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell — a choice that could reset the path of the U.S. economy, APA reports citing CNBC.

Asked on CNBC’s “Squawk Box” for a future replacement for Powell, Trump named Kevin Hassett, director of the National Economic Council, and Kevin Warsh, a former member of the Federal Reserve Board of Governors.

“I think Kevin and Kevin, both Kevins, are very good,” Trump said.

He said two other people were also under consideration, but Treasury Secretary Scott Bessent is not among them.

“I love Scott, but he wants to stay where he is,” Trump said. He did not name his other two top candidates but used the opportunity to disparage Powell, whom he has dubbed “too late” in cutting interest rates.