WASHINGTON – President Donald Trump said he has four finalists in mind to replace Fed Chair Jerome Powell, but he ruled out Treasury Secretary Scott Bessent as a possibility.
Trump, in an Aug. 5 appearance on CNBC's Squawk Box, confirmed he is considering Kevin Warsh, a former member of the Federal Reserve Board of Governors, and Kevin Hassett, his director of the National Economic Council, for the role.
"I think Kevin and Kevin, both Kevins, are very good, and there are some other people that are very good," Trump said. "The two Kevins are doing very well, and I have two other people who are doing very well. In the end, there are numerous people who are very qualified."
"It will be one of four people," Trump said, adding that he won't be making a final decision soon.
More: Trump's claims of 'rigged' jobs numbers challenged by CNBC host
