Kevin Hassett, director of the White House National Economic Council, is the leading candidate to be the next Federal Reserve chair, advisers and allies of President Donald Trump told Bloomberg, as the deadline for a new Fed governor approaches.

Trump has voiced his opposition to the current Fed leader, Jerome Powell. Trump has threatened to fire Powell in previous reports and has voiced frustration that Powell has not lowered interest rates quickly enough.

Trump’s criticisms of the Fed have garnered support from other allies, including Federal Housing Finance Agency Director Bill Pulte, who has called for Powell’s resignation.

Powell, details ⇒

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