Trump says he has four candidates for Fed chair role

 U.S. President Donald Trump announced he is considering four candidates for the position of Federal Reserve Chair, currently held by Jerome Powell.

“We’re looking at candidates for Fed Chair, and right now it’s four people,” Trump told reporters Tuesday at the White House.

He was also asked when he would make a decision regarding an upcoming vacancy on the Fed’s Board of Governors. Current board member Adriana Kugler earlier announced she will step down on August 8. “I’ll make the decision by the end of the week. We’ll either choose someone permanently or appoint someone for a four-month term,” Trump said, adding that the shortlist has already been narrowed.

Trump has repeatedly criticized the Fed for not cutting interest rates, claiming the central bank is deliberately keeping borrowing costs high to hurt the federal government. The White House has accused the Fed of acting with political bias, saying many on the Board are opposed to Trump.