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Who will Trump pick for Fed chair? Hear from all the candidates in their own words
President Donald Trump’s short list to replace Jerome Powell as Federal Reserve chair has turned into a long list of nearly a dozen possible candidates. Among them are current and former Fed officials, prominent economists and a couple market-focused hopefuls, each with ideas about where the central bank should be headed at a critical juncture for monetary policy. For most of them, the views coalesce around a need to lower the Fed’s benchmark interest rate, and some believe the changes must go beyond that and into the fundamental way it does business. In CNBC interviews that stretch back days, weeks and even ... (full story)
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Wall Street veteran David Zervos added his name Thursday to the list of potential Federal Reserve chairs who think the central bank is past due in approving an interest rate reduction. The chief market strategist at Jefferies told CNBC that central bankers shouldn’t be daunted by the July producer price index showing pipeline inflation pressures hotter than ...
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