Trump is expected to soon announce a temporary candidate for the vacant Federal Reserve seat, while also considering three potential candidates from Wall Street for this position.

He did not immediately choose an official successor for the Fed Chair position but prioritized announcing a temporary candidate in the coming days, with consultation from senior officials in the administration.

MAIN CONTENT

  • Trump will announce a temporary candidate for the vacant Fed seat in the coming days.

  • The three candidates under consideration are likely from Wall Street.

  • Many senior advisors such as the Secretary of Commerce, Secretary of the Treasury, and Vice President are also involved in the selection process.

How does Trump plan to select a temporary candidate for the vacant Federal Reserve Board seat?

Trump is expected to appoint a temporary candidate in the next two to three days to fill the vacant position at the Federal Reserve instead of nominating an immediate official successor. This allows the administration more time to evaluate and select the appropriate candidate for the Fed Chair position.

This approach shows caution and thorough consideration in appointing important personnel, while maintaining stability and continuity in the operations of the Fed during the transition period.

Who are the potential candidates for the position of Chairman of the Federal Reserve?

Trump confirmed he is considering "possibly around three people" for the Fed Chair position, most of whom come from Wall Street. These potential candidates are chosen based on their experience and deep understanding of financial markets and monetary policy.

The choice of candidates from a major financial background reflects his priority in maintaining the stability and growth of the U.S. economy, as well as strengthening the Fed's role in the global monetary market.

Who are the advisors involved in the candidate selection process?

The consideration process is supported by many senior advisors in the administration such as Secretary of Commerce Lutnick, Secretary of the Treasury Bensont, and Vice President Cyril Vance. This coordination reflects a collective and high level of responsibility in selecting the most suitable person for this important position.

The involvement of senior officials helps ensure that the nomination process is based on comprehensive economic policy analysis and aligns with the government's development direction.

"We will announce a temporary candidate in the coming days, after which we will choose the most suitable official candidate."

Donald Trump, President of the United States, interviewed at the White House, August 7, 2024

Frequently Asked Questions

When will Trump announce the temporary candidate for the Fed seat?

He is expected to announce within two to three days from August 7, 2024, according to direct information from the interview.

Are potential candidates for the Fed Chair position from Wall Street?

Trump emphasizes that the three main candidates are those with experience and backgrounds from Wall Street.

Who is advising on the candidate selection process for Trump?

Secretary of Commerce Lutnick, Secretary of the Treasury Bensont, and Vice President Cyril Vance are key advisors.

Is Trump nominating an official successor immediately?

He indicated that there will be a temporary candidate first, and the official candidate will be announced later.

Who is considered the top candidate for the Fed Chair position according to Trump?

He still sees Kevin Warsh and Kevin Hassett as prominent candidates if the position of Chairman becomes vacant.

Source: https://tintucbitcoin.com/trump-sap-de-cu-thong-doc-fed/

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