Trump Narrows Fed Chair Choices to Two Kevins, Emphasizes Loyalty on Rate Cuts

President TRUMP revealed he is considering Kevin Hassett and Kevin Warsh for the next Federal Reserve chair, praising both as strong contenders. Warsh, a former Fed governor, remains a top candidate, but Trump emphasized the need for loyalty on rate cuts. "You have Kevin and Kevin—they’re both great," he said, while hinting at unnamed others in the running.

In a Wednesday meeting at the WHITE House, Trump pressed Warsh on whether he would support aggressive rate reductions. "He thinks you have to lower interest rates, and so does everybody else I’ve talked to," Trump noted, underscoring his demand for a chair aligned with his push for cheaper borrowing costs. The president advocates for rates as low as 1% or lower, arguing it would reduce government debt burdens.

Trump also called for renewed White House consultation in Fed policy decisions, insisting his views should carry weight. "It doesn’t mean I think he should do exactly what we say, but certainly I’m a smart voice and should be listened to." The remarks reflect his broader effort to reshape monetary policy ahead of the 2024 election.