[Trump Favors Walsh or Hassett to Lead the Federal Reserve, Says Interest Rates Should Be No Higher Than 1% in a Year] U.S. President Trump stated on Friday that Kevin Walsh and Kevin Hassett are both excellent candidates for the position of Federal Reserve Chair. Trump confirmed that he met with Walsh on Wednesday and asked whether Walsh would guarantee support for rate cuts if selected. Walsh expressed the belief that rate cuts are necessary. Trump believes that the next Federal Reserve Chair should consult him when setting interest rate policies and that interest rates should be no higher than 1% in a year.