President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change. Under that scenario, either Powell or Taylor would take the reins from Fed Chair Janet Yellen when her term expires in early February, and the other would fill the vice chair position left vacant when Stanley Fischer retired this month. “That is something that is under consideration, but he hasn’t ruled ...
Trump considers Fed's Jerome Powell, economist Taylor to lead central bank
There are concerns that the combination of Powell and Taylor atop the world's most powerful central bank could send a confusing signal to markets
Steve Holland | Reuters |