Trump tells potential Fed Chair pick, “I actually want to keep you where you are.”
TheWkly Analysis
Take a step forward if you’re one of the top contenders to be selected to replace Jerome Powell as the head of the Federal Reserve when his term ends in May—not so fast, Kevin Hassett. The White House National Economic Council director’s chances of being tapped for the role looked dimmer yesterday after President Trump expressed reluctance to remove him from his current position, where he vocally defends the administration’s economic policies. That gave a boost to the prospects of the other Kevin under consideration, former Fed Governor Kevin Warsh. But any nominee may be stymied by Republican Sen. Thom Tillis’s vow to block the confirmation of anyone put forward until the criminal probe of Powell ends.
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Key Entities
- • Jerome Powell - Fed chair referenced as nearing the end of his term in May
- • Federal Reserve - Institution referenced as needing a new chair
- • Donald Trump - President referenced as weighing potential candidates
- • Kevin Hassett - National Economic Council director referenced as a contender
- • National Economic Council - White House office led by Hassett
- • Kevin Warsh - Former Fed governor referenced as another contender
- • Thom Tillis - Senator referenced as threatening to block confirmation
- • Criminal probe - Investigation referenced as affecting confirmation dynamics
Bias Distribution
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