Trump tends to choose Bush or Hassett to lead the Federal Reserve, stating that interest rates should be at 1% or lower in one year According to a report by Golden Finance, President Trump stated that he is inclined to choose former Federal Reserve Governor Kevin Walsh or National Economic Council Director Kevin Hassett to take over the Federal Reserve next year. During an interview in the Oval Office on Friday, the President stated that Walsh was his first choice. Yes, I think he is. You know there are two Kevin's, "he said." Both of them - I think these two Kevin's are excellent. Of course, there are also several other candidates who are excellent. "In recent weeks, after Trump hinted multiple times that he has chosen the Fed chairman, Hassett has become increasingly seen as the top favorite. But Trump's latest statement shows that Walsh is still firmly in the race. According to insiders, Trump held a 45 minute meeting with Walsh at the White House on Wednesday, during which he pressured Walsh to ask if he could guarantee support for a rate cut if he became the chairman of the beauty pageant Federal Reserve. Trump confirmed this news in an interview. He thinks it's necessary to cut interest rates, "Trump said of Walsh," and everyone I've talked to thinks the same way. "Trump said he believes the next Fed chairman should seek his opinion when formulating interest rate policies. It's not usually done this now, but it used to be a routine operation and should be done this way, "Trump said." This doesn't mean - I don't think he has to do exactly what I say. But there's no doubt that my opinion is valuable and should be heard. "When asked about the level of interest rates he hopes for a year from now, Trump said," 1%, maybe even lower. "He said the rate cut would help the US Treasury reduce the financing cost of $30 trillion in government debt. We should have the lowest interest rates in the world, "he said.