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Trump: New Federal Reserve Chairman may be announced soon, Powell cut rates too late

Summary: According to sources, US President Trump stated in a live interview on CNBC Squawk Box that the Federal Reserve Chairman is political, and Powell cut rates too late. Many excellent candidates for Federal Reserve Chairman, such as Warsh and Hassett, are being considered, with two other candidates possibly being announced soon. Trump expressed a preference ...

According to sources, US President Trump stated in a live interview on CNBC Squawk Box that the Federal Reserve Chairman is political, and Powell cut rates too late. Many excellent candidates for Federal Reserve Chairman, such as Warsh and Hassett, are being considered, with two other candidates possibly being announced soon. Trump expressed a preference for Bensant, but he wants to stay at the Treasury Department. It is possible that the vacancy left by Kuggler will be used to select the future Federal Reserve Chairman.

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