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US Treasury Secretary: Selection of New Federal Reserve Chairman to Begin in Autumn
Summary: According to reports, US Treasury Secretary Yellen stated that there are many excellent candidates for the position of Federal Reserve Chairman, and the selection process will begin in the autumn. Previously, it was reported by The Wall Street Journal on June 25 that President Trump is considering nominating a successor to the current Federal Reserve ...
According to reports, US Treasury Secretary Yellen stated that there are many excellent candidates for the position of Federal Reserve Chairman, and the selection process will begin in the autumn. Previously, it was reported by The Wall Street Journal on June 25 that President Trump is considering nominating a successor to the current Federal Reserve Chairman Powell early to weaken his influence, as Powell still has 11 months left in his term. Sources revealed that Trump is considering selecting and announcing Powell's successor before September or October, and his anger towards Powell may lead him to announce the successor earlier this summer. Trump is considering former Fed Governor Kevin Warsh and White House National Economic Council Director Kevin Hassett. In addition, sources revealed that Treasury Secretary Yellen has been recommended as a potential candidate; other contenders include former World Bank President Malpass and Federal Reserve Board member Christopher Waller.
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Link: US Treasury Secretary: Selection of New Federal Reserve Chairman to Begin in Autumn [Copy]
