Donald Trump already has four candidates to assume the presidency of the Federal Reserve

The president revealed on television the final names to preside over the Fed, Betting on figures that favor fence cuts and their political vision.

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• Trump left out to Besent, who prefers to continue in the Treasure.
• The four candidates oppose the current monetary policy of the Fed.
• Trump maintains friction with the current president of the Fed, Jerome Powell.
• Conflicts are produced by the official’s refusal to lower interest rates.

The US president, Donald Trump, already has his four finalists to occupy the presidency of the Federal Reserve (Fed), This in replacement of the current director of the entity, Jerome Powell, whom he presses to leave his position before 2026 amid constant disputes and accusations.

The announcement was made by Trump himself in an interview for the program Squawk box of the chain CNBC, Where the president indicated that among his candidates are Kevin Warsh, Kevin Hassett, Christopher Waller and Michelle Bowman, all these aligned with his economic vision.

During the interview, the president confirmed that Scott Besent, one of the possible high profile officials for the Fed, It was out of the competition. According to Trump, he personally informed him that he wishes to continue in the Treasury Department, discarding any rumor about its possible interest in leading the Central Bank.

“I love him, but he wants to stay where he is,” Trump said.“He told me: ‘I want to work with you.’ It’s an honor. I thank you very much.”

Candidates for Federal Reserve

All finalists considered by Trump They support lower interest rates policies, a position that has generated concern in financial markets. The possibility that Fed adopt a more political orientation worries Wall Street, since historically the independence of this institution has been defended.

Kevin Warsh and Kevin Hasset have experience in high economic positions. The first was governor of the Fed and frequent critic of the current approach of the Central Bank, while the second currently directs the National Economic Council And it has been a narrow Trump collaborator in economic policy. Both have advocated a more expansive monetary policy, with more aggressive and early cuts.

On the other hand, Christopher Waller and Michelle Bowman are active members of the Board of governors of the Fed. Both voted in favor of rates cuts at the last meeting, unchecking President Powell and most other members, who decided to keep them unchanged.

“Both kevins are very good”, Trump commented. “And there are other people as well, such as Governors Michelle and Christopher.”

An immediate vacancy after Kugler’s departure

The news occurs a few days after Adriana Kugler, another governor of the Fed, will announce your effective resignation this Friday. This offers Trump an immediate opportunity to name a new member, and thereby exert more pressure within the body.

Kugler’s departure adds to an increasingly politicized stage in the Fed, where monetary policy decisions are already being interpreted in the light of government pressures on monetary and economic policies.

Powell, rates and accusations of political manipulation

Jerome Powell remains in office as president of the Fed Until May 2026. However, Trump has openly criticized him since 2023, accusing him of delaying rates cuts to benefit Democrats, especially Kamala Harris, current presidential candidate of the party.

Trump even suggested that Powell promised him in 2017 to maintain low rates after being nominated by him during his mandate: “He told me: ‘Lord, I will keep the interest rates very low. I am a person with low rates.”

Currently, the reference interest rate of the Fed It remains between 4.25 % and 4.5 %, after having remained unchanged last week. Markets anticipate a reduction in September.

Although Powell has a mandate until 2026, Trump did not rule out appointing someone to counteract his authority internally. When asked about that possibility, he replied: “It’s on the table.”

Meanwhile, tensions between Powell and Trump are increasingly noticeable. Days ago, the manager of the Fed He emphatically assured that he would not give up his position, nor will he choose to reduce the rates at the request of the president, this after ensuring that current policies are maintained due to the tariff pressures that the president seeks to establish on other allied nations.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

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