Trump says he will pick Fed chair next week

CBS News White House Reporter Olivia Rinaldi joins me now. So this is all coming-- really, he's been teasing this for a while now, but what else has he said about the Fed's future? Well, Lindsey, he says that that announcement could come next week. Previously, the president had said he's made his decision on who, exactly, the Fed chair will be. He has jokingly referred to the Kevins, Kevin Warsh and Kevin Hassett, as potentially being one of his picks. He has said that Scott Bessent has essentially ruled himself out of being the Fed chair. And, of course, up here at the White House, whenever we see Kevin Hassett, who's the director of the Economic Council, we have consistently asked if he will be the next picked, and he says he would serve at the pleasure of the president. We still don't have an indication yet of who exactly this individual will be, but there is certainly going to be a lot of pressure on them, especially as the president has been waging a pressure campaign on Jerome Powell to cut interest rates to try to boost the economy. They did not do that this week. The president was pretty upset about that, and he put that on Truth Social numerous times. So the next incoming Fed chair has a tall task, and that is, essentially, if they are approved by this president, meaning they perhaps are approving his agenda of cutting interest rates, which would certainly have an impact on the economy. But we should remember the Fed chair is one vote. There is still the rest of the board. All right, usually these meetings, they're pretty long. The president made some waves when he spoke about these meetings recently and how long they are and boring to him. This one was shorter. Why? Well, it's interesting. Normally, they're about three hours, and usually I'm standing out here in different kind of weather waiting to come back to you and talk to you about what's going on inside that meeting. Today was about an hour and 20 minutes. So if you can count that as shorter, let's count it as shorter. But perhaps the big headline was what was not said, and what was notable was typically the president likes to go around the room, point to a cabinet secretary, and say, give me an update on what's going on in your department. Didn't do that today and, most notably, didn't do that to Secretary Kristi Noem of the Department of Homeland Security. Of course, this comes after what's been a tumultuous week at that department, seeing her being pulled back from Minneapolis, along with Greg Bovino, who is the commander at large of Border Patrol who was there, and instead putting Tom Homan, who has a frosty relationship with Kristi Noem, in that role in Minneapolis instead. So the president not calling on her today, not wanting an update in public, at least, from her on what is going on with the Department of Homeland Security. Also not publicly giving her a show of support. Quite notable there. And I should also note the president just had another event here at the White House. He did not take questions. That's the second time today that the president has not taken questions.

Real quick, things are frosty between Noem and Homan? It's well known here in Washington that they have an interesting power dynamic there over at the Department of Homeland Security. Enough said. Olivia Rinaldi, thank you.