Waller Emerges as Leading Fed Chair Candidate in Trump’s Team

PANews reported on August 7th that Waller, noted for his forecast-based policy approach and deep Fed understanding, is a top contender for Fed Chair as Trump's team seeks Powell's successor.

Summary

PANews reported on August 7th that Federal Reserve Board Governor Waller is emerging as the leading candidate for Fed Chair in Trump's search for Powell's successor. Sources revealed that Trump's advisers are impressed by his willingness to base policy on forecasts rather than current data and his deep understanding of the Federal Reserve System. Although he has met with the president's team, he has not yet met with Trump.

Terms & Concepts
  • Fed Chair: The head of the Federal Reserve responsible for setting and implementing monetary policy.