BlockBeats news, on November 22, sources familiar with the situation revealed that President-elect Trump has proposed selecting financier Kevin Warsh as his Treasury Secretary, but there is an understanding that when Jerome Powell's term as Federal Reserve Chair ends in 2026, Warsh may be nominated to lead the Fed.
Some insiders say Trump discussed possible arrangements with Warsh at his private club Mar-a-Lago in Florida on Wednesday.
Warsh is a popular candidate to lead the Treasury Department, but as of Thursday evening, Trump has yet to decide who to choose for this key cabinet position. Sources familiar with the matter say Trump is still weighing how to handle the vacancy of the Federal Reserve Chair position, and may not make a final decision until Powell's term ends in May 2026.
Some of these individuals say Trump is considering appointing investor Scott Bessent to lead the National Economic Council, and if Warsh becomes the Fed Chair, Bessent could be nominated as Treasury Secretary later in his term. (Jinshi)