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Trump narrows Fed chair pick to Warsh and Hassett, pushes for lower rates despite Fed independence.
President Trump has narrowed his choice for Federal Reserve chair to Kevin Warsh and Kevin Hassett, both of whom he praised in a Wall Street Journal interview.
He asserted that the president should be consulted on interest rate decisions, though he acknowledged the Fed need not follow his advice.
Trump reiterated his push for rates to reach 1% or lower within a year, despite the Fed’s recent 25-basis-point cut and projections for only one more cut in 2026.
The Federal Reserve’s independence in setting monetary policy remains a core principle, and its leadership has warned against political interference.
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Trump restringe la selección del presidente de la Fed a Warsh y Hassett, presiona por tasas más bajas a pesar de la independencia de la Fed.