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Trump Advisers Lean Toward Taylor or Powell for Fed

  • Yellen is said to fare well in interview with Trump Thursday
  • Trump hasn’t yet made his choice from slate of five contenders
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Making the Case for Jay Powell as Next Fed Chair

Updated on

President Donald Trump’s closest advisers are steering him toward choosing either Stanford economist John Taylor or Federal Reserve Board Governor Jerome Powell to be the next Fed chief, according to several people familiar with the process.

Trump has not yet made up his mind, the people said, though he has publicly promised to announce a decision soon. Besides Taylor and Powell, his shortlist of five candidates also includes the current Fed Chair Janet Yellen, former Fed governor Kevin Warsh and National Economic Council Director Gary Cohn.