Donald Trump said he would announce his pick to lead the Federal Reserve “early next year”, as he touted Kevin Hassett, the top White House economic official, as the “potential” new head of the US central bank.
The president’s comments in two separate public appearances on Tuesday follow a months-long selection process to replace Jay Powell as Fed chair that is nearing its conclusion.
“I guess a potential Fed chair is here too. I don’t know. Are we allowed to say that? Potential?” Trump said, introducing Hassett during a White House event. “He’s a respected person, that I can tell you. Thank you Kevin,” he added.
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