Federal Reserve Governor Christopher Waller is rumored to be the likely favorite to replace current Federal Reserve Chairman Jerome Powell, Bloomberg reported on Thursday.
According to sources who spoke with the outlet on condition on anonymity, Waller has met with President Donald Trump’s team but has not met with the president himself. The administration has been impressed by Waller’s tendency to act on policy based on forecasting as opposed to current market data, as well as his knowledge of the Federal system. Vice President JD Vance, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent are on the search committee.
In July, Waller appeared on Bloomberg TV and was asked “is it a position you would like? Is it something you would like to do?” to which he responded, “In 2019, the president contacted me and said, ‘Would you serve?’ and I said yes. If the president contacted me and asked me to serve, I would do it. But he has not contacted me.
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