Trump hinted that Hassett would succeed him as Federal Reserve Chairman, and again criticized Powell for advocating for interest rate cuts.

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According to ChainCatcher, US President Trump stated at a cabinet meeting last night that he may announce his nominee for Federal Reserve Chairman early next year, adding that Treasury Secretary Bessant does not want the position. He has already evaluated 10 candidates for the Fed and only one choice remains.

Later, when introducing Hassett at a White House meeting, Trump said that the potential Federal Reserve Chairman was right there.

In addition, Trump reiterated his criticism of Powell, stating that even JPMorgan Chase CEO Jamie Dimon said Powell should lower interest rates.

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