According to Deep Tide TechFlow on November 22, insiders reported that President-elect Trump has proposed selecting financier Kevin Warsh as his Treasury Secretary, but there is an expectation that Warsh may be nominated to lead the Federal Reserve when Jerome Powell's term ends in 2026.
Some insiders said that Trump discussed possible arrangements with Warsh on Wednesday at his private club Mar-a-Lago in Florida.
Warsh is a popular candidate to lead the Treasury Department, but as of Thursday evening, Trump has not yet decided who to choose for this key cabinet position.
Insiders say that Trump is still weighing how to handle the vacancy for the Federal Reserve chair position, and may not make a final decision until Jerome Powell's term ends in May 2026.
Some of them said that Trump is considering appointing investor Scott Bessent to lead the National Economic Council, and if Warsh becomes the Federal Reserve chair, Bessent would be nominated as Treasury Secretary later in his term. (Jinshi)