Trump considers Warsh for Treasury Secretary and later Fed chairman, WSJ reports

Reuters11:46

UPDATE 1-Trump considers Warsh for Treasury Secretary and later Fed chairman, WSJ reports

Adds details and background in paragraphs 2-6

Nov 21 (Reuters) - U.S. President-elect Donald Trump floated the idea of appointing Kevin Warsh as Treasury Secretary on the understanding that he could later be Federal Reserve Chairman, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The potential arrangement was discussed between Trump and Warsh, a former investment banker who served on the Federal Reserve Board, at Trump's Mar-a-Lago retreat on Wednesday, the report added.

Trump is also thinking about appointing Scott Bessent, a longtime hedge fund investor who taught at Yale University for several years, to lead the White House National Economic Council before he could be nominated to replace Warsh at the Treasury, the report added.

No announcement has been made by Trump.

The Wall Street Journal cautioned that Trump could still pick someone else for the role.

Marc Rowan, who co-founded Apollo Global Management APO.N, U.S. Senator Bill Hagerty of Tennessee and Robert Lighthizer, who served as Trump's U.S. trade representative for essentially the then-president's entire term, are also considered to be in the running for the Treasury role.

(Reporting by Costas Pitas in Los Angeles and Nilutpal Timsina in Bengaluru; Editing by Muralikumar Anantharaman and Lincoln Feast.)

((Nilutpal.Timsina@thomsonreuters.com; +91 86382 04706;))

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