Trump's Fed Board Appointment: A Temporary Solution
In a press conference, U.S. President Donald Trump remarked that he intends to appoint a temporary replacement for the upcoming vacancy on the Federal Reserve's Board of Governors. The new appointee will be chosen from three shortlisted candidates, with a decision expected within days.
WASHINGTON – In a recent announcement, President Donald Trump revealed plans to appoint an interim member to the Federal Reserve's Board of Governors. With the position set to be vacated this week by Governor Adriana Kugler, Trump assured that a decision would be made from a short list of three candidates.
The candidate selection process is reportedly involving Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Vice President JD Vance. Trump hinted at the possibly temporary nature of this appointment, citing the opportunity for long-term plans come January.
In commenting on the shortlisted candidates, Trump highlighted strong ties to Wall Street and hinted at the involvement of former Fed members like Kevin Warsh and current National Economic Council director Kevin Hassett.
(With inputs from agencies.)
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