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Trump adds two more Treasury secretary candidates, New York Times reports
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Trump adds two more Treasury secretary candidates, New York Times reports
Nov 17, 2024 10:02 PM

WASHINGTON, Nov 17 (Reuters) - President-elect Donald

Trump added former Federal Reserve Governor Kevin Warsh and

billionaire Marc Rowan to the list of candidates to become his

Treasury secretary, the New York Times reported on Sunday.

A former investment banker, Warsh, 54, served on the Federal

Reserve Board from 2006 to 2011. He was seen as both a fiscal

hawk and a proponent of higher savings rates.

Rowan, 62, co-founded investment manager Apollo Global

Management ( APO ) and became the firm's CEO in 2021.

Trump has not announced his nominee for the role, but Howard

Lutnick, the CEO of Cantor Fitzgerald, and investor Scott

Bessent have been considered as top candidates for the job.

The Republican president-elect has begun to have second

thoughts about Lutnick and Bessent, the newspaper said, and was

expected to invite candidates to meet with him in Florida at his

Mar-a-Lago club this week.

Lutnick co-chaired Trump's transition effort. A New Yorker

like Trump, he has uniformly praised the president-elect's

economic policies, including his backing of tariffs.

Bessent, a key economic adviser to Trump, is a longtime

hedge fund investor who taught at Yale University for several

years and has a warm relationship with the president-elect.

Billionaire Elon Musk and Robert F. Kennedy Jr. came out in

favor of Lutnick on Saturday, making public the internal

jockeying on the decision.

The Trump transition team did not immediately respond to a

request for comment.

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