Overview
- At a White House meeting, President Trump introduced National Economic Council chair Kevin Hassett as the leading candidate and referred to him as a future Fed chair.
- Trump said he has narrowed the selection to one person and plans to announce the new Federal Reserve chair early next year.
- Hassett, a close aide who previously led the Council of Economic Advisers, is widely viewed as the top contender.
- Trump renewed sharp public criticism of current chair Jerome Powell, faulting his caution on early rate cuts.
- Coverage notes that rate cuts could bolster growth but carry the risk of faster inflation.