Trump met with Warsh about Fed chair job

For­mer Re­serve board mem­ber among can­di­dates.

The Citizens' Voice - - Business - BY MARTIN CRUTSINGER

WASH­ING­TON — Pres­i­dent Don­ald Trump met with for­mer Fed­eral Re­serve board mem­ber Kevin Warsh as part of the process of in­ter­view­ing can­di­dates for the Fed’s top job.

A White House of­fi­cial said Trump and Trea­sury Sec­re­tary Steven Mnuchin met with Warsh on Thurs­day. The of­fi­cial spoke Fri­day on con­di­tion of anonymity to dis­cuss pri­vate White House meet­ings.

Trump has said pre­vi­ously that he is con­sid­er­ing renom­i­nat­ing Fed Chair Janet Yellen when her term ends in Fe­bru­ary. But he has said he is also look­ing at other can­di­dates in­clud­ing Gary Cohn, the head of Trump’s Na­tional Eco­nomic Coun­cil.

Warsh, who served on the Fed’s board from 2006 to 2011, was a key ad­viser to Fed Chair­man Ben Ber­nanke dur­ing the 2008 fi­nan­cial cri­sis. He is mar­ried to Jane Lauder, grand­daugh­ter of cos­met­ics gi­ant Es­tee Lauder. Her fa­ther, Ron­ald Lauder, is a long­time Trump friend.

Warsh was 35 when he was nom­i­nated by then-Pres­i­dent Ge­orge W. Bush to serve on the Fed board in Jan­uary 2010. He is cur­rently a dis­tin­guished vis­it­ing fel­low at Stan­ford Univer­sity’s Hoover In­sti­tute and a lec­turer at the Stan­ford Grad­u­ate School of Busi­ness.

Trump told re­porters ear­lier this month that he liked and re­spected Yellen but had not made a de­ci­sion yet on the Fed job. While Trump was harshly crit­i­cal dur­ing the cam­paign of Yellen’s per­for­mance, he has made only fa­vor­able com­ments about her since the elec­tion.

Yellen’s cur­rent term as chair ex­pires on Feb. 3.


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