Trump Says He Thinks He Already Knows Choice for Fed Chair (1)

President Donald Trump said he thinks he’s identified his choice to be the next chair of the Federal Reserve while asserting people are holding him back from firing the central bank’s current leader, Jerome Powell.

“I think I already know my choice,” Trump told reporters in the Oval Office on Tuesday, without specifying who it is. “I’d love to get the guy currently in there out right now, but people are holding me back.”

Treasury Secretary Scott Bessent, who is leading the search, has said he has narrowed the pool of contenders to current Fed Governors Christopher Waller ...