BBX Logo

Insiders: Trump considers appointing Kevin Warsh as Treasury Secretary first, and then as Federal Reserve Chairman

2024-11-22 05:29

According to sources familiar with the matter, on November 22nd, BlockBeats reported that US President elect Trump has proposed to select financier Kevin Warsh as his Treasury Secretary, with the understanding that when Jerome Powell's term as Federal Reserve Chair ends in 2026, Warsh may be nominated to lead the Fed. Some insiders said that Trump discussed possible arrangements with Walsh at his private club, Mar-a-Lago Estate, in Florida on Wednesday. Walsh is a popular candidate to lead the Treasury Department, but as of Thursday evening, Trump has not yet decided who to choose for this crucial cabinet position. According to sources familiar with the situation, Trump is still weighing how to handle the vacancy of the Federal Reserve Chair position and may have to wait until Powell's term ends in May 2026 to make a final decision. Some of them say that Trump is considering appointing investor Scott Bessent to lead the National Economic Council, and if Walsh becomes the chairman of the Federal Reserve, Bessent will be nominated as Treasury Secretary later in his term. (Golden Ten)

Loading...