Former president’s advisers say if Trump returns, these three candidates would be top choices to replace Jerome Powell

Photo of author

By journalsofus.com



This 141-year-old retailer is outperforming Amazon

Forget the tech giants. This older stock is growing rapidly while increasing its dividend. Believe it or not, it handily beats Amazon’s 117% run since 2019. By reading Benzinga’s latest insider-only report, you can prepare yourself for future profits and earnings, as well as much more, with this stock.Get access for just $0.99.


Former President in a recent meeting Donald Trump A list of potential candidates was presented to replace jerome powell As head of the Federal Reserve. The list has been put forward by influential economic advisers, who are also considering a possible second term for Trump.

What happened: The list of candidates was presented to Trump at his Mar-a-Lago club in Florida last week, The Wall Street Journal reported on Sunday. This list was presented by economic advisors steve moore And arthur lafferWho has been Trump’s economic advisor for a long time.

Enter to Win $500 in Stocks or Crypto

Enter your email and you’ll get Benzinga’s last Morning Update, a free $30 gift card, and more!

The three candidates proposed were Kevin WarshEconomic-Policy Advisor to the President George W. Bush who later served on the Fed’s Board of Governors; Kevin Hassett, former chairman of the Council of Economic Advisers during the Trump administration; And Laffer himself.

Also see: Biden to present CHIPS Act award to Intel, cementing Arizona as semiconductor hotspot: report

Trump made no commitments to candidates and is expected to consider a number of options in the coming months. His primary focus for now is on selecting his running mate for a possible second term.

why it matters: Trump’s economic advisers have proposed possible candidates for the post of Fed Chairman, which is important in view of the current economic environment. Powell, who has been nominated by the President for a second term Joe Biden, has been criticized by Trump for his monetary policy decisions. Trump has accused Powell of trying to help Democrats in the upcoming election by considering an interest rate cut after a series of rate hikes aimed at tackling inflation.

Meanwhile, Powell has expressed optimism about the state of the economy despite the challenges facing many Americans. His comments are supported by unemployment remaining below 4% and a general decline in inflation, even if it has not yet reached the Fed’s 2% target.

Read Next: US consumer sentiment held steady in March, inflation expectations above Fed’s 2% target

Image via Shutterstock


Engineered by Benzinga Neuro, edited by pooja princess


The GPT-4-based Benzinga Neuro content generation system uses the broader Benzinga ecosystem, including native data, APIs, and more, to create relevant and timely stories for you. learn more.



This 141-year-old retailer is outperforming Amazon

Forget the tech giants. This older stock is growing rapidly while increasing its dividend. Believe it or not, it handily beats Amazon’s 117% run since 2019. By reading Benzinga’s latest insider-only report, you can prepare yourself for future profits and earnings, as well as much more, with this stock.Get access for just $0.99.


© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Leave a comment