MNUCHIN: TRUMP HOPES TO NAME FED PICK WITHIN MONTH
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.