Trump Eyes Kevin Warsh for Fed Chair, Wants Say on Rates

• US President Donald Trump considers Kevin Warsh a top candidate for the next Federal Reserve chair.
• Other candidates for the Fed chair position include National Economic Council Director Kevin Hassett.
• Trump believes the Fed chair should consult the president on interest rate decisions, departing from modern central bank independence norms.
• Trump stated that Warsh largely agrees with his views on the need for lower interest rates.
• Trump expressed regret over his previous appointment of Jerome Powell and is proceeding cautiously with the new selection.

Why It Matters: This impacts future US monetary policy and Federal Reserve independence.