MNUCHIN: TRUMP HOPES TO NAME FED PICK WITHIN MONTH

The Denver Post - - BUSINESS -

WASH­ING­TON» Trea­sury Sec­re­tary Steven Mnuchin said Thurs­day that Pres­i­dent Don­ald Trump hopes to de­cide within a month whom he will choose to lead the Fed­eral Re­serve start­ing next year but is still go­ing through the in­ter­view process.

Trump said two weeks ago that he had had four meet­ings to in­ter­view po­ten­tial nom­i­nees for Fed chair and ex­pected to de­cide within two to three weeks.

In­ter­viewed on CNBC, Mnuchin wouldn’t con­firm a pub­lished re­port that his own fa­vorite can­di­date is Jerome Pow­ell, the only Re­pub­li­can now on the Fed’s board.

The Wall Street Jour­nal re­ported that Trump had in­ter­viewed John Tay­lor, a Stan­ford Univer­sity econ­o­mist, on Wed­nes­day.

The other can­di­dates the White House has said Trump is con­sid­er­ing for the Fed job are the cur­rent chair, Janet Yellen, whose fouryear term will end in Fe­bru­ary; Kevin Warsh, a for­mer Fed board mem­ber; Gary Cohn, head of the pres­i­dent’s Na­tional Eco­nomic Coun­cil; and Pow­ell.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.