Dec 12 (Reuters) – JPMorgan top boss Jamie Dimon signaled support for former Federal Reserve âGovernor Kevin Warsh as the next âchair of the U.S. central bank, the Financial Times reported âon Friday.
Earlier in the day, President Donald Trump said he was leaning toward either Warsh or National Economic Council Director Kevin Hassett to â lead the Fed ânext year.
Dimon says Hassett is the candidate likelier to cut rates in âthe short term, according to the report. He made the remarks at the bank’s private conference for asset âmanagement CEOs in New York on Thursday âevening, the Financial Times report added.
Reuters could not immediately verify the report. JPMorgan did not immediately respond to a Reuters request for comment.
Trump has been critical of the Fed and its â chair, Jerome Powell, for ânot making dramatic cuts to âinterest rates.
When asked by reporters in a separate Oval Office event whether he âshould have â a say in Fed decisions on interest rates, Trump said he should at least â be consulted.
The Fed cut rates by a quarter point âon Wednesday.
