Sat Dec 13 01:12:22 UTC 2025: Here’s a summary of the provided text and a news article based on it:

Summary:

President Donald Trump has indicated he’s close to selecting a new Federal Reserve chair, with former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett as the leading candidates. Trump also stated he believes the Fed chair should consult with him on interest rate decisions, a departure from traditional presidential practice. He reiterated his criticism of the current Fed leadership for not aggressively cutting rates.

News Article:

Trump Eyes “Two Kevins” for Fed Chair, Wants Input on Rate Decisions

Washington D.C. – President Donald Trump revealed on Friday that he is nearing a decision on who will lead the Federal Reserve next year, naming former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett as the frontrunners. “I think you have Kevin and Kevin. They’re both — I think the two Kevins are great,” Trump stated in an interview with the Wall Street Journal.

In a move that could reshape the relationship between the White House and the central bank, President Trump also suggested that the next Fed chair should consult with him on setting interest rates. “It should be done,” Trump said, arguing that his perspective as a “smart voice” should be considered. This notion deviates from the traditional understanding that presidents should maintain distance from the Fed’s independent monetary policy decisions.

Trump has been a vocal critic of the current Federal Reserve, particularly regarding interest rate policy. He has repeatedly urged the Fed to implement more substantial rate cuts. He reiterated his views on Friday, stating that the new Fed leader will be chosen “in the pretty near future.” This announcement comes shortly after the Fed’s recent quarter-point rate cut.

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