Odaily News Trump stated that he believes he has identified his choice for the next Federal Reserve Chair, while claiming that someone is blocking him from firing the current Central Bank leader Powell. Trump told reporters, “I think I already know my choice.” However, he did not specify who the candidate is. U.S. Treasury Secretary Basant noted that he has narrowed down the contenders to current Federal Reserve Board of Governors Waller and Bowman, former Federal Reserve Board of Governors Warsh, White House National Economic Council Director Hassett, and BlackRock executive Riedel. Trump said, “We have some surprising names, and some conventional names that everyone is talking about. We might go the conventional route. Occasionally walking the politically correct path is also good.” Basant had previously stated that he plans to present his recommendations to Trump after the Thanksgiving holiday. The next Federal Reserve Chair will have to maintain a careful balance: catering to Trump's desire for low interest rates while also maintaining investor confidence.
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