President Donald Trump said he would consider National Economic Council Director Kevin Hassett to replace Jerome Powell as chair of the Federal Reserve. Hassett said he believes the Fed should remain independent but wouldn’t comment on if he would take the job if it was offered to him.

WASHINGTON, July 13 (Reuters) - U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday and that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.

Two Republicans named Kevin—Kevin Hassett, one of President Trump’s closest economic advisers and Kevin Warsh, a former Federal Reserve governor—are vying to be the next leader of the central bank. Th

In an interview with ABC News, Kevin Hassett was also pressed about the president's decision to hit imports from Brazil with steep tariffs.

National Economic Council Director Kevin Hassett joins ‘Squawk Box’ to discuss President Trump's recent tariff announcement on Europe and Mexico, his views on the work of Fed Chair Jerome Powell, and more.

One is rising to the top of the list of potential candidates, while the other is facing skepticism from President Trump’s allies.Kevin Hassett, one of Trump’s closest economic advisers, is emerging as a serious contender to be the next Fed chair,

La., says if President Trump fired Federal Reserve Chair Jerome Powell, "it would crash the stock market, and it would crash the bond market, and it would cause interest rates to rise." Trump bashed Powell during a bilateral meeting with the crown prince of Bahrain.

The president floated the idea of firing the Fed chief to lawmakers, then said such a move was "very unlikely."