Trump: The vacancy in the board can be used to replace the Federal Reserve Chairman, Bessent politely declined the chairman nomination

On Tuesday local time, U.S. President Trump spoke on CNBC's "Financial Forum" program.

In his speech, Trump again criticized Powell for being too late in lowering interest rates and stated that former Federal Reserve Governor Kevin Warsh is outstanding, "Both Kevins (the other referring to Kevin Hassett, Director of the National Economic Council) are great, and others are also good. Besides the two Kevins, we are also considering two others."

Trump stated that the vacant position left by Adriana Kugler can be used to select the future Federal Reserve Chair.

Trump mentioned that Bessenet declined consideration for the Federal Reserve Chair position: I like Bessenet, but he wants to stay at the Treasury Department.

He also said: Labor statistics are very politicized.

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