Trump names Hassett, Waller, and Warsh as his final 3 picks to lead the Fed

President Donald Trump has confirmed today that Kevin Hassett, Christopher Waller, and Kevin Warsh are the final three candidates he’s considering to run the ￰0￱ to reporters in the Oval, Trump said, “You could say those are the top three,” while making clear he’s not waiting around to change the direction of the central ￰1￱ comment came as the president continues his push to replace Jerome Powell, whose term as chair of the Fed ends in ￰2￱ update comes from Reuters, which also noted that Trump, while already leaning toward a specific name, plans to carry out formal ￰3￱ hasn’t stopped him from signaling who he’s favoring. He’s said multiple times that Powell won’t be renominated, and that decision has now turned into a full search ￰4￱ president blames Powell’s refusal to cut rates for the weak August jobs report and has accused him of slowing the ￰5￱ leads search while attacking Fed policies Treasury Secretary Scott Bessent, who was initially thought to be a possible replacement himself, has removed his name from ￰6￱ Friday, Scott said, “I’m the only person on the planet who does not want the job.” Instead, he’s managing the replacement ￰7￱ to Bloomberg, the interviews to find Powell’s replacement began Friday, although there’s no official confirmation yet on who is ￰8￱ isn’t just organizing interviews.

He’s also taking aim at the Fed’s ￰9￱ in the Wall Street Journal , he called for a full nonpartisan review of how the Fed ￰10￱ includes monetary policy, staffing, regulation, and how it communicates with the ￰11￱ argued that the Fed should stop overseeing banks and pull back on actions that affect markets, like bond buying in non-emergency ￰12￱ a separate article published in The International Economy , Scott went further, claiming the Fed has been responsible for worsening inflation, helping the wealthy while hurting working-class Americans, and making housing more ￰13￱ also accused the central bank of misusing taxpayer money, citing expenses like renovations and its internal ￰14￱ are all claims the Fed has denied, but Scott insisted that his goal is to restore independence at the ￰15￱ all happens as Powell, originally appointed in 2018, faces pressure from Trump to step ￰16￱ has repeatedly said Powell should have slashed rates this year and pushed his allies into key positions inside the Fed to make that ￰17￱ three finalists — Hassett, Waller, and Warsh — are seen as more aligned with Trump’s views on interest rates and economic ￰18￱ fights removal while Miran pledges unpaid leave Trump’s actions aren’t limited to Powell.

He’s also trying to remove Lisa Cook, another Fed governor, after accusing her of mortgage ￰19￱ denies the charges and is taking legal action to block the ￰20￱ now, she remains in her ￰21￱ White House has not commented on how that process will move forward, but Trump appears determined to push her out. meanwhile, Trump’s pick to fill an actual vacant Fed seat, Stephen Miran, testified this week at his nomination ￰22￱ told the Senate that he would take unpaid leave from his role as economic advisor at the White House if ￰23￱ move is meant to avoid conflicts of interest, though Democrats have questioned whether that’s ￰24￱ argue that anyone closely tied to the president may still lack the independence expected of Fed ￰25￱ you're reading this, you’re already ￰26￱ there with our newsletter .