Live Updates > Live Update Details
2025-12-16 23:40:58
[US Treasury Secretary Bessant: Warsh and Hassett are both qualified to serve as leaders of the Federal Reserve (1) US Treasury Secretary Bessant said on December 16 that Warsh and Hassett are both qualified to serve as leaders of the Federal Reserve, and advised President Trump to keep an open mind when choosing a Federal Reserve chairman. (2) Trump had previously indicated that he preferred these two candidates and also hoped to get advice on interest rate decisions, which is contrary to the tradition of the Federal Reserve operating independently. (3) Bessant emphasized that candidates for Federal Reserve chairman should have an open mind and break the inherent concept that "economic growth will inevitably lead to inflation", while refuting the criticism that "Hassett is unable to maintain the independence of the Federal Reserve because of his close relationship with Trump". (4) The term of the current Federal Reserve Chairman Powell will end next May. He has been severely criticized by Trump for not cutting interest rates faster.
