Donald Trump does not have the best opinion about the current head of the Fed. Jerome Powell, who is currently held this position, from the very beginning of the term of office of the current president must face pressure from the White House, which he does to influence US monetary policy.
Another act of this story took place last Friday. According to Bloomberg's agency, President Trump said that “very quickly” appoints the successor of the current head of the Fed, whose term of office in May 2026.
Who will be? The name of the names has been discussed for several months. On a short list, as Bloomberg's agency reminds, there was Kevin warsh, Former Federal Reserve Official, with whom Trump conducted an interview for the position of the Secretary of the Treasury in November.
Today, however, a different name appears more and more often. Scott Bassent, Secretary of the US Treasury, which conducts the efforts of the current administration to revive the US economy through radical changes in trade, taxes and regulations.
Read also: Donald Trump straight to the head of the US Bank: Stop playing politics!
Bessent is also at the forefront of negotiations on a trade agreement between the USA and China, probably the most important agreement that the US president wants to conclude as part of his efforts to transform the global trade landscape.
Formal interviews for this position, according to Bloomberg's agency, They haven't started yet.
