President Donald Trump said on Nov. 18 that he may have already selected his pick to replace Federal Reserve Chair Jerome Powell.
“I think I already know my choice,” Trump told reporters during a bilateral meeting in the Oval Office Tuesday with Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman Al Saud. “We have some surprising names, and we have some standard names that everybody’s talking about. And we may go the standard way. It’s nice to, every once in a while, go politically correct.”
Treasury Secretary Scott Bessent had previously stated that the administration had narrowed its search to five candidates to replace Powell when his term at the U.S. central bank ends in May….