Trump believes he has already chosen a candidate for the post of Federal Reserve Chairman

US President Donald Trump has expressed confidence that he has identified his candidate for the post of chairman of the Federal Reserve, complaining that some people are preventing him from firing the current chairman, Jerome Powell. In an interview in the Oval Office, Trump said: "I think I already know my choice," but did not name the person. He also confirmed that he would like to fire Powell for his position on the café.

Source Yahoo Finance

Meanwhile, Treasury Secretary Scott Bessent, who is conducting a search for a new chairman, said he had narrowed the list of candidates to several people, including current Fed Board members Christopher Waller and Michelle Beaumont, as well as former Fed Chairman Kevin Warsh and others. Bessent plans to submit his recommendations to Trump after the Thanksgiving holiday. The new chairman must be elected by February 1, when the 14-year term expires. The choice of a new Fed chairman will require a clear balance, as Trump's desire to cut interest rates and the interests of investors must be taken into account.