President Trump expressed reservations Friday about appointing his top economic advisor, Kevin A. Hassett, as the next Federal Reserve chair, despite praising his performance. Trump's comments introduce further uncertainty into the search for a replacement for Jerome H. Powell, the current Fed chair.

Trump, speaking at a White House health care event, lauded Hassett, the director of the White House National Economic Council, for his advocacy of the administration's economic policies, particularly his television appearances. "I actually want to keep you where you are, if you want to know the truth," Trump said, adding that Fed officials "don't talk much." He continued, "I would lose you. It's a serious concern to me."

Hassett had been considered a leading candidate to succeed Powell. However, the selection process faced disruption this week when the Justice Department issued grand jury subpoenas to the Fed concerning Powell's oversight of a $2.5 billion renovation of the central bank's headquarters in Washington. The New York Times reported the existence of the criminal investigation on Sunday, prompting Powell to release a video that directly criticized the Trump administration for allegedly using the threat of.

The president's remarks highlight the ongoing tension between the White House and the Federal Reserve, particularly regarding monetary policy. Trump has repeatedly criticized the Fed's interest rate hikes, arguing that they have hindered economic growth. The selection of a new Fed chair is a crucial decision that could significantly impact the direction of monetary policy and the overall economy. The uncertainty surrounding the selection process adds to the existing economic anxieties. The investigation into Powell's management of the Fed headquarters renovation further complicates the situation, raising questions about the central bank's independence and integrity. The search for a new Fed chair remains ongoing, with no clear timeline for a decision.