Trump’s renewed attacks on Fed Chair Powell have raised speculation about an early removal, though experts say he lacks the authority to fire Powell over policy differences. Kevin Warsh has emerged as the top contender to replace Powell, according to CNN. Warsh is a former Fed governor and economic adviser with close ties to Wall Street and conservative think tanks. He served under President George W. Bush during the 2008 financial crisis, advised Trump’s transition team, and recently criticized the Fed for enabling high inflation. Treasury Secretary Scott Bessent confirmed interviews for Powell’s successor would begin in the fall.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump's rooted attacks on Fed Chair Powell brings speculation about an early removal,
00:07though experts say he lacks the authority to fire Powell over policy differences.
00:11Kevin Walsh has emerged as a top intent to replace Powell, according to CNN.
00:16Walsh is a former Fed governor and economic advisor with close ties to Wall Street and
00:21conservative think tanks. He served under President George W. Bush during the 2008 financial crisis,
00:27advised Trump's transition team, and recently criticized the Fed for enabling high inflation.
00:33Treasury Secretary Scott Bessett confirmed interviews for Powell's successor would begin in the fall.
00:38For all things money, visit Benzinga.com slash GSTV.