Advisers to President Donald Trump gave him their finalized list of recommendations for candidates to head up the Federal Reserve to thus conclude their search. This is according to numerous people who were close to the activity.
Current Fed Chair Janet Yellen is consistently under consideration despite the fact that the inner circle of the President hasn’t been the most positive on her reinstatement. A wild card? Yes, Trump may bring one in but some say that is not likely at this time.
Gary Cohn, the National Economic Council Director recused himself from aiding in the management of the selection process following Trump’s comments this summer that he won’t be appointed to the position. All those who gave this information, coincidentally, wanted to remain anonymous.
At this time, there’s still no front runner but according to reports, the President has no plans to interview Glenn Hubbard and Richard Davis who have both been thrown around as being possible candidates. A Stanford economist John Taylor is also under consideration but it’s unknown if Taylor will be interviewed or scheduled for a meet up.
The White House is pushing the Senate to approve at least three nominees for Randy Quarles to fill outstanding Fed governor’s seat until the end of January. The Senate will vote Thursday on his nomination for a term that ends in January.
The newest developments now show that Trump is inching closer to a final decision being made. Last week he noted that he is less than one month away from making the announcement on his nominee for the position to oversee the central bank of the United States.
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