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Trump Signals Fed Chair Decision; Walsh Emerges as Favorite (Full Transcript)
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[00:00:00] Speaker 1: President Donald Trump says he's made his choice for the next chair of the Federal Reserve.
[00:00:03] Speaker 2: It's gonna be somebody that is very respected, somebody that's known to everybody in the financial world.
[00:00:09] Speaker 1: He teased the announcement at the premiere of First Lady Melania Trump's film, but didn't say a name. The sources are pointing towards Kevin Walsh, a former Federal Reserve governor. Walsh served for five years on the Fed after being nominated by President George W. Bush, and has long been on Trump's short list for top economic roles. He was also considered for Fed chair back in 2017, a job that ultimately went to Jerome Powell. Walsh is one of four final contenders alongside Kevin Hassett, Rick Rider, and Christopher Waller. President expected to make the announcement officially on Friday.
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- Trump says he has decided on the next Federal Reserve chair but has not named the pick publicly yet.
- Sources suggest the leading candidate is Kevin Walsh, a former Fed governor.
- Walsh served five years on the Fed after being nominated by President George W. Bush and was considered for chair in 2017.
- Jerome Powell ultimately received the Fed chair job in 2017.
- Other reported finalists include Kevin Hassett, Rick Rider, and Christopher Waller.
- An official announcement is expected Friday.
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