Dec 12 (Reuters) – JPMorgan top boss Jamie Dimon signaled support for former Federal Reserve Governor Kevin Warsh as the next chair of the U.S. central bank, the Financial Times reported on Friday.
Earlier in the day, President Donald Trump said he was leaning toward either Warsh or National Economic Council Director Kevin Hassett to lead the Fed next year.
Dimon says Hassett is the candidate likelier to cut rates in the short term, according to the report. He made the remarks at the bank’s private conference for asset management CEOs in New York on Thursday evening, 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 chair, Jerome Powell, for not making dramatic cuts to interest rates.
When asked by reporters in a separate Oval Office event whether he should have a say in Fed decisions on interest rates, Trump said he should at least be consulted.
The Fed cut rates by a quarter point on Wednesday.
(Reporting by Ananya Palyekar in Bengaluru; Editing by Himani Sarkar)
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