Kashkari Not Under Consideration for Fed Chair, Official SaysBy
President Donald Trump isn’t currently considering Neel Kashkari, head of the Minneapolis Fed, to be the next chair of the Federal Reserve, according to an administration official.
Speculation around Kashkari as a candidate began Tuesday when Jeffrey Gundlach, the money manager who predicted Trump’s election, said at a Vanity Fair summit in Los Angeles that the president of the Minneapolis Federal Reserve bank would replace Janet Yellen.
Trump’s advisers have given him a final list of people they’re recommending as candidates to lead the Federal Reserve and have ended the search, Bloomberg reported on Tuesday. Trump is said to be considering Yellen, National Economic Council Director Gary Cohn, former Fed board governor Kevin Warsh and current governor Jerome Powell.
Two people familiar with the matter said that Stanford economist John Taylor is also under consideration.
Trump last week that he’d decide who to nominate for the job in the next two to three weeks.
— With assistance by Jennifer Jacobs