Trump to Interview Christopher Waller as Fed Chair Candidate

JH Kim

Summary

U.S. President Donald Trump is reported to be planning to interview Fed Governor Christopher Waller as a candidate for the next Fed chair.
President Trump said he is considering someone more actively in favor of rate cuts as Fed chair.
President Trump's moves surrounding the selection of the next Fed chair are said to be increasing market interest in the direction of U.S. monetary policy.

U.S. President Donald Trump is reported to be planning to interview Federal Reserve (Fed) Governor Christopher Waller as a candidate for the next Fed chair.

On the 16th (local time), economic news channel Walter Bloomberg, citing The Wall Street Journal (WSJ), reported, "President Trump has recently included Governor Waller among the candidates for the next Fed chair and is arranging an interview." Waller is currently a member of the Fed's Board and participates in the monetary policy decision-making process.

WSJ said President Trump also interviewed former Fed Governor Kevin Warsh as a candidate for the next chair last week. Warsh previously served as a Fed governor and was involved in monetary policy decisions during the financial crisis.

President Trump has repeatedly criticized the monetary policy stance of current Fed Chair Jerome Powell and is reportedly considering someone more inclined toward rate cuts as the next chair.

As President Trump's actions regarding the selection of the next Fed chair take shape, market interest in the future direction of U.S. monetary policy is increasing.