Trump elevates Walsh, who rises to the top of the list of candidates for the next Federal Reserve chairman

According to The Wall Street Journal, U.S. President Trump stated on Friday that Kevin Warsh has risen to the top of his list of candidates for the next Federal Reserve chair, although other contenders are still in the running. Warsh, who was previously seen as a candidate but not the frontrunner (he himself served as a Federal Reserve governor), has apparently gained further favor after meeting with Trump on Wednesday.

"Yes, I think he is," Trump told the media when asked if Warsh was in the top position, according to an interview released on Friday afternoon. Speaking about the previously favored candidate, National Economic Council Director Kevin Hassett, Trump said, "I think both Kevins are great." "I think there are several other excellent candidates as well," he added.

Hassett had previously emerged as the leading candidate. In public appearances, when asked about the possibility of taking on the role, he has remained cautious, only stating that he would accept if invited. Massachusetts Democratic Senator Elizabeth Warren expressed concern on Thursday during an appearance on CNBC that Trump might appoint a "puppet" to serve as Federal Reserve chair to carry out his wishes.

In addition to emphasizing Warsh's potential for the position, Trump reiterated his past view that the Federal Reserve chair should consult the president on interest rate decisions. This move would overturn the tradition of the Federal Reserve maintaining its independence.