Trump considers Warsh as Treasury Secretary and later Fed Chairman

US President-elect Donald Trump floated the idea of ​​appointing Kevin Warsh as Treasury secretary on the condition that he could later become chairman of the Federal Reserve, the Wall Street Journal reported Thursday, citing people familiar with the matter.

The potential arrangement was discussed between Trump and Warsh, a former investment banker who served on the Federal Reserve Board, at Trump’s Mar-a-Lago retreat on Wednesday, the report added.

Trump is also considering naming Scott Bessent, a longtime hedge fund investor who taught at Yale University for several years, to head the White House National Economic Council before he could be nominated to replace Warsh at the Treasury Department, the report added.

Trump has not announced anything.

The Wall Street Journal warned that Trump could still choose someone else for the role.

Marc Rowan, who co-founded Apollo Global Management, U.S. Senator Bill Hagerty of Tennessee and Robert Lighthizer, who served as Trump’s U.S. trade representative for much of the then-president’s term, are also considered to be in the role of Treasury secretary.