Trump praised Waller as "great" and also specifically commended Bowman, suggesting the new Fed chair will be revealed in the coming weeks.

This article is machine translated
Show original

On December 19, Trump praised several candidates for Federal Reserve Chair on Thursday. When asked about Fed Governor Christopher Waller, he said the two had met again on Wednesday and praised him as "great." Trump also praised Fed Vice Chair for Supervision Michelle Bowman, but did not explicitly confirm whether she was among the final candidates. Trump stated that he was interviewing "three or four" candidates for the Fed Chair position and expected to decide who to nominate to succeed Powell "soon." "I think each of them would be a good choice. But I'm not sure if I'll announce a candidate before the end of the year, but the decision will be made in the coming weeks."

In an interview last week, Trump suggested that National Economic Council Director Kevin Hassett and former Federal Reserve Governor Kevin Warsh were the main contenders. He stated at the time, "I think both Kevins are great, and there are a few other great guys too."

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments