The Globe and Mail reports in its Wednesday, Dec. 3, edition that President Donald Trump said Tuesday he would announce his pick to succeed Jerome Powell as head of the Federal Reserve early next year. A Reuters dispatch to The Globe reports that Mr. Trump also said Treasury Secretary Scott Bessent does not want the top Fed job, and Mr. Trump did not indicate who his preference may be. Mr. Trump, however, told reporters on Sunday he knows who he plans to pick as the successor to Mr. Powell, whose run as Fed chief comes to an end in May, but would not answer when asked if that choice was Kevin Hassett, his top economic adviser and the favourite in on-line wagering markets. Mr. Hassett, 63, has proven his loyalty to Mr. Trump through regular, if not weekly, television appearances on CNBC, Fox News and other channels, where he has endorsed Mr. Trump's sweeping import tariffs and calls for lower interest rates. Mr. Trump, an avid television watcher, likely sees Mr. Hassett often, as opposed to most of the other candidates. The others in the mix to succeed Mr. Powell include two sitting Fed governors -- Michelle Bowman and Christopher Waller -- former Fed governor Kevin Warsh and BlackRock's Rick Rieder.