President Donald Trump said on Tuesday he would be announcing his choice to succeed Jerome Powell as head of the Federal Reserve early next year further teasing out a months-long audition process despite having said he already knows who he will pick to lead the worlds most important central bank In remarks at a cabinet meeting Trump also said Treasury Secretary Scott Bessent – who has led the search process – does not want the top Fed job and the president did not indicate who his preference may be Trump told reporters on Sunday he knows who he plans to pick as the successor to Powell whose run as Fed chief comes to an end in May but wouldnt answer when asked if that choice was Kevin Hassett his top economic adviser and the favorite in online wagering markets He said again on Tuesday that he has narrowed the list to one person
