Fed chair choice down to Powell, Taylor, one source tells Politico

By REUTERS
October 26, 2017 15:36
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Breaking news. (photo credit: JPOST STAFF)

WASHINGTON - President Donald Trump's search for the next chair of the US Federal Reserve has come down to Fed Governor Jerome Powell and Stanford University economist John Taylor, Politico on Friday cited one source as saying, while another counseled caution.

Trump has said he was considering both Powell and Taylor, but that he also liked Yellen very much. Politico cited an unnamed source who talks regularly to Trump as saying the only finalists were Powell and Taylor.

Another unnamed senior source Politico described as very close to the process said it was not safe to assume Trump will nominate Powell or Taylor for the top spot at the central bank, saying he "changes his mind about it every day."


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