Is the Fed Chair nomination not a simple two-way selection process? Waller will be interviewed.
TL;DR
Trump interviews Fed Governor Waller for Chair nomination, following Warsh. Waller is favored by economists and Wall Street for his clear stance on rate cuts and ability to unify the Fed.
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On December 17, according to the WSJ, sources revealed that Trump will interview current Federal Reserve Governor Waller on Wednesday to discuss his nomination for Federal Reserve Chair. Trump interviewed former Fed Governor Kevin Warsh last week. Trump stated that Warsh and Hassett are currently his two preferred candidates. This year, Warr has become a leading voice within the Fed advocating for interest rate cuts. At the Fed's July meeting where interest rates were kept unchanged, Warr voted against a rate cut.
Waller is the most favored candidate for Federal Reserve Chairman among economists and enjoys high regard on Wall Street. His arguments on interest rate cuts this year are considered logically clear, consistent, and he is seen as capable of bridging the widening divisions within the Fed. Several of his rate-cutting proposals have already been adopted by current Chairman Powell. Waller will speak on the economic outlook Wednesday evening Beijing time. (Jinshi)