Trump said to meet with Kevin Warsh about Federal Reserve leadership

Trump said to meet with Kevin Warsh about Federal Reserve leadership - report

US President Donald Trump indicated Friday he would select his nominee to be the next Federal Reserve chair within weeks, after meeting potential candidates. But a White House official said the president and Treasury Secretary Steven Mnuchin had met Thursday with Kevin Warsh, a former Fed board member.

As recently as July, Trump had not ruled out reappointing Yellen, telling the Wall Street Journal that he liked her demeanor and desire to keep interest rates low.

There has also been speculation that Trump could turn to his top economic aide, Gary Cohn, for the Fed chair position.

Current Chair Janet Yellen will see her term expire in February and has been circumspect about her future. He is married to Jane Lauder, granddaughter of cosmetics giant Estee Lauder.

More news: Former soldier Henry Bolton elected as new leader of Ukip

Mr Warsh, 47, who served as Fed governor from 2006 until 2011, didn't respond to a request for comment through the Hoover Institution, where he is now a fellow. He is now a distinguished visiting fellow at Stanford University's Hoover Institute and a lecturer at the Stanford Graduate School of Business. Trump has had discussions with Cohn about the job and has also met with Yellen, another person said. Trump on Friday did not provide details on his meetings.

According to a New York Times report last weekend citing administration officials, the White House had created a short list of candidates for the post.

To date, President Trump has moved to fill just 1 of the vacancies, nominating Randal Quarles to the board to be vice chairman for bank supervision.

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