Citadel CEO Ken Griffin on Tuesday urged President Trump to prioritize creating “distance” between himself and the Federal Reserve with his pick for chairman. The hedge fund billionaire shared his advice amid concerns that Trump’s pick to replace Fed Chair Jerome Powell – a neck-and-neck race between economic adviser Kevin Hassett and former Fed Governor Kevin Warsh – could be too closely tied to the Oval Office.

Hedge fund billionaire is latest Wall Street figure to express concerns Donald Trump will pick ally to chair central bank

White House economic adviser Kevin Hassett, one of President Donald Trump's top contenders to ‍lead the Fed, said the independence of the central bank was important, amid concerns he might be too close to the president.

Citadel's CEO Ken Griffin has urged President Donald Trump to create "distance" between the Federal Reserve and the White House, the Financial Times reported on Tuesday, as economic adviser Kevin Hassett emerges as one of the frontrunners to lead the U.

WASHINGTON (AP) — Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve’s regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.

Citadel founder Ken Griffin urges President Trump to keep the Federal Reserve independent as he weighs candidates to replace Chair Jerome Powell.

Trump said the projected cost of his White House ballroom has risen to $400 million, double the initial estimate in July of $200 million.

Whoever comes next is expected to be far more aligned with Trump, and advisors have some reservations. “My biggest concern is the perception, or reality, that the Fed is less independent,” said George Chang,

The White House says inflation is falling, prices are easing, and wages are rising under President Donald Trump — a message the president reinforced during a year-end address that leaned heavily on blaming former President Joe Biden.