The Wall Street Journal is reporting that the Pres. team is expanding the search for the new Fed chair. According to the article:
New Fed chair contenders added: Former St. Louis Fed President James Bullard and former Bush adviser Marc Sumerlin have been added to the list of roughly 10 candidates.
Other top candidates:
Kevin Hassett – NEC Director
Christopher Waller – Current Fed Governor
Kevin Warsh – Former Fed Governor
The search is being led by Treasury Secretary Scott Bessent will lead the vetting process, conduct initial interviews, and present a final shortlist to President Trump.
The inclusion of former St. Louis Fed Pres. James Bullard seems a bit out of character in some ways, but in other ways not so "Trump-like".
If Trump wants someone who is more anticipatory whether it is dovish or hawkish, Bullard would be the man.
However, if Trump wants someone who will support a drive to sharply lower rates, I am not sure Bullard would be the choice.
My feeling is Trump wants lower rates no matter what and let the inflation cards fall where they may (he could always strong-arm companies from raising prices - or so he anticipates). If he can miraculously lower the price of eggs (breed more Chickens to replace the ones who had to be killed from bird flu), he could do anything.
Trump wants to own the Fed. As a result, I think the article is a smoke screen to make it seem like he is doing his diligence before appointing his "yes" man.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about trumps team is expanding the search for the fed chair was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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