Donald Trump is considering three finalists to replace Jerome Powell as head of the Federal Reserve, following criticism of monetary policy.
Delia Niculescu
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American President Donald Trump is considering replacing Jerome Powell at the helm of the Federal Reserve, given the constant criticism regarding his interest rate policy. Treasury Secretary Scott Bessent is coordinating the process, accusing the Fed of "arrogance." Favorites include Fed Governor Christopher Waller, Director of the National Economic Council Kevin Hassett, and former Governor Kevin Warsh. The final decision will influence the direction of U.S. monetary policy.
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