WASHINGTON (Reuters) – President-elect Donald Trump added former Federal Reserve Governor Kevin Warsh and billionaire Marc Rowan to the record of candidates to develop into his Treasury secretary, the New York Occasions (NYSE:) reported on Sunday.
A former funding banker, Warsh, 54, served on the Federal Reserve Board from 2006 to 2011. He was seen as each a fiscal hawk and a proponent of upper financial savings charges.
Rowan, 62, co-founded funding supervisor Apollo World Administration (NYSE:) and have become the agency’s CEO in 2021.
Trump has not introduced his nominee for the position, however Howard Lutnick, the CEO of Cantor Fitzgerald, and investor Scott Bessent have been thought of as prime candidates for the job.
The Republican president-elect has begun to have second ideas about Lutnick and Bessent, the newspaper mentioned, and was anticipated to ask candidates to satisfy with him in Florida at his Mar-a-Lago membership this week.
Lutnick co-chaired Trump’s transition effort. A New Yorker like Trump, he has uniformly praised the president-elect’s financial insurance policies, together with his backing of tariffs.
Bessent, a key financial adviser to Trump, is a longtime hedge fund investor who taught at Yale College for a number of years and has a heat relationship with the president-elect.
Billionaire Elon Musk and Robert F. Kennedy Jr. got here out in favor of Lutnick on Saturday, making public the interior jockeying on the choice.
The Trump transition crew didn’t instantly reply to a request for remark.