Latest news with #KevinWarsh
Reuters
10-06-2025
- Business
- Reuters
Bessent emerges as possible contender to succeed Fed's Powell, Bloomberg reports
June 10 (Reuters) - U.S. Treasury Secretary Scott Bessent has emerged as a possible candidate to succeed Federal Reserve Chair Jerome Powell, Bloomberg News reported on Tuesday, citing people familiar with the matter. Bessent joins a small list of Fed chair candidates that has included Kevin Warsh, a former Fed official whom Trump previously interviewed for Treasury secretary, Bloomberg added. The White House did not immediately respond to a request for comment. Trump said on Friday he would name a successor to Powell very soon. Bloomberg, citing two unidentified people familiar with the matter, reported that formal interviews for the job have not begun. Bessent is leading Trump's sweeping global trade overhaul and has a hand in pushing for changes to taxes and regulation.
Bloomberg
10-06-2025
- Business
- Bloomberg
Bessent Emerges as Possible Contender to Succeed Fed's Powell
A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent. President Donald Trump said Friday he would name a successor ' very soon ' to replace Jerome Powell, whose term as Fed chair ends in May 2026. The small list of candidates under consideration has included Kevin Warsh, a former Fed official whom Trump interviewed for the Treasury secretary role in November, according to people familiar with the matter.
Reuters
06-06-2025
- Business
- Reuters
Trump says decision on Fed chair will be out soon
WASHINGTON, June 6 (Reuters) - President Donald Trump said on Friday that a decision on the next Federal Reserve chair will be coming out soon, adding that a good Fed chair would lower interest rates. "It's coming out very soon," Trump told reporters on Air Force One. When asked specifically about former Fed governor Kevin Warsh, Trump said, "he's very highly thought of." Warsh is considered a frontrunner to be Trump's pick to be the next Fed chair. Earlier on Friday, Trump said the Federal Reserve should cut interest rates by a full percentage point and he reiterated his view that Chair Jerome Powell has been too slow to lower borrowing costs. The president has repeatedly berated Powell for not cutting rates as he desires. The two men met face-to-face for the first time last week, with Trump telling Powell he was making a "mistake" by not lowering rates.
Economist
02-06-2025
- Politics
- Economist
The fantastical world of Republican economic thinking
FEW ECONOMICS conferences open with a burst of patriotic ceremony. But as the sun rose over the hills of California's Simi Valley on May 30th, the pipes and drums of the Ventura County sheriff's honour guard blared at the Ronald Reagan Presidential Library. Attendees stood, hand on heart, for the pledge of allegiance and national anthem. 'I always wondered what the shining city on the hill looked like and it's pretty cool to see it,' quipped Kevin Warsh, a former Federal Reserve governor.
Washington Post
25-05-2025
- Business
- Washington Post
Powell defends Federal Reserve in Princeton speech amid onslaught of attacks from Trump
WASHINGTON — Federal Reserve Chair Jerome Powell defended the central bank's response to the COVID-19 pandemic Sunday in a Princeton University speech in which he also praised government employees and U.S. universities, both of which have been targeted by the Trump administration. Powell and the central bank have been subject to extensive criticism in recent weeks by President Donald Trump and a potential successor, former Fed governor Kevin Warsh.
