The list of candidates for Federal Reserve chairmanship keeps growing, with several prominent figures vying for the top spot. While some are seen as more dovish than others, it’s clear that Trump is looking for a candidate who can balance monetary policy with his own agenda.
At the top of the list is Michael Waller, a leading internal candidate and a longtime ally of President Trump. However, other names like Miki Bowman and Jim Bullard also make the cut, despite being seen as less likely to win over the President’s approval.
On the dovish side, candidates like Philip Jefferson and Rick Rieder are seen as more in line with the Fed’s current monetary policy strategy. Meanwhile, names like Stephen Miran and Judy Shelton are considered more hawkish and unpredictable.
As the list grows, it’s becoming increasingly clear that Trump is looking for a candidate who can toe the line between fiscal and monetary policy. While some candidates, like Bill Pulte, seem to have an edge in terms of understanding rates, others, like Larry Lindsey, feel like room fillers.
Ultimately, the next Fed Chair will need to be someone who can navigate the complex web of monetary policy, inflation, and economic growth. With the list as it is, it’s clear that Trump has a tough decision ahead of him.
Source: https://www.ft.com/content/07e92a4b-f4ef-40b5-8172-eebc983f532f