Ken Griffin Says Trump Selected Candidate for Federal Reserve Chair

Ken Griffin Says Trump Selected Candidate for Federal Reserve Chair

Citadel founder Ken Griffin confirmed Trump has found a Federal Reserve chair candidate, emphasizing Fed independence amid economic risks.

Fact Check
The evidence strongly and consistently supports the truthfulness of the statement. The most authoritative source, a joint statement from the Department of the Treasury and the Federal Reserve, directly identifies Jerome H. Powell as the "Federal Reserve Chair originally selected by Donald Trump." This is a definitive confirmation from a primary government source. This is further corroborated by high-authority news and policy sources. A New York Times article reports that President Trump himself stated he had made his decision on a nominee. Additionally, an article from the Brookings Institution provides context on Jerome Powell's appointment under Trump. While some sources report on Trump's *intent* to nominate a chair, these likely represent reporting from an earlier stage in the process and do not contradict the fact that a selection was ultimately made. Several other provided sources were irrelevant to the specific claim. The weight of the direct, high-quality evidence confirms that Donald Trump did select a candidate for Federal Reserve Chair.
Summary

On December 16, Ken Griffin, founder of Citadel, confirmed that U.S. President Donald Trump has identified an appropriate candidate for the Federal Reserve chair. Griffin did not disclose who the candidate is but underscored the importance of protecting the Fed’s independence to avoid risks such as inflation and higher interest rates.

Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for monetary policy and regulation of financial institutions.