Trump hints that Hasset will succeed Powell as Fed chair, criticizes Powell again for not lowering interest rates

US President Trump stated at last night's cabinet meeting that he might announce the Federal Reserve chair nominee early next year, adding that Treasury Secretary Mnuchin does not want to take on the role. He has already evaluated 10 candidates for the Federal Reserve, leaving only the final nominee.

Subsequently, Trump introduced Hassett at a White House meeting, stating that the potential Federal Reserve chair is right here.

Additionally, Trump reiterated his criticism of Powell, stating that even JPMorgan CEO Dimon said Powell should lower interest rates.