Trump Asks GOP Senators for Show of Hands on Fed Nominee Choices
- Senators say Trump mentioned Taylor and Powell in discussion
- Most lawmakers didn’t take part in president’s straw poll
How Markets Would React to a Powell, Taylor Fed
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President Donald Trump asked Senate Republicans for a show of hands in support of potential nominees for chairman of the Federal Reserve as he took part in a lunch meeting Tuesday with the fractious caucus, two lawmakers said.
Texas Republican Senator John Cornyn the chamber’s No. 2 GOP lawmaker, declined to say which names Trump ticked off or who drew the most raised hands. But Senator Tim Scott said Trump asked specifically about Stanford University economist John Taylor and Federal Reserve Governor Jerome Powell. He also mentioned the current Fed chair, Janet Yellen in his discussion.