Speculation continues to swirl around the question of who President Trump will appoint as Federal Reserve Chair when Janet Yellen’s term comes to an end in February.
Trump will reportedly meet with Yellen this week to discuss the possibility of her staying on as the head of the central bank. During the presidential campaign, Trump was highly critical of Yellen, saying she is ‘obviously political,’ and accusing her of ‘doing what Obama wants her to do.’
A number of other names have been floated for the job in recent weeks. The mix includes both ‘dovish’ and ‘hawkish’ contenders. Some of the names bandied about include Fed Governor Jerome Powell, Fed Governor Kevin Warsh, Stanford economist John Taylor, National Economic Council Director Gary Cohn, and Federal Reserve Bank of Minneapolis president Neel Kashkari.
Of course, nobody knows what Trump will ultimately decide. We’ve seen this same swirl of speculation around other appointments. It almost seems like Trump revels in floating trial balloons, throwing out names, and keeping people guessing. It shouldn’t surprise anybody if Trump ultimately comes out of left field and appoints somebody not even on the current speculative list.
This post was published at Schiffgold on OCTOBER 17, 2017.
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