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Trump Targets Loyalists for Fed Chair Amid Controversy

8/10/2025

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Summary

Story summary

President Trump is honing in on four loyalists for the Federal Reserve chair: Kevin Warsh, Kevin Hassett, Christopher Waller, and Michelle Bowman. With Treasury Secretary Scott Bessent at the helm of the search after Fed Governor Adriana Kugler's resignation, Trump aims for candidates who favor lower interest rates, sparking worries about the Fed's autonomy.

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Story summary

President Trump is honing in on four loyalists for the Federal Reserve chair: Kevin Warsh, Kevin Hassett, Christopher Waller, and Michelle Bowman. With Treasury Secretary Scott Bessent at the helm of the search after Fed Governor Adriana Kugler's resignation, Trump aims for candidates who favor lower interest rates, sparking worries about the Fed's autonomy.