Reported 2 days ago
Deputy Treasury Secretary Michael Faulkender expressed hope that Federal Reserve Chairman Jerome Powell will step down from the Fed's Board of Governors once his chairmanship concludes next May. Faulkender referenced the tradition of outgoing Fed chairmen not remaining on the board and revealed that the Trump administration is actively discussing candidates for Powell's replacement amidst growing criticism of the Fed's policies. Several potential successors, including National Economic Council Director Kevin Hassett and former Fed governor Kevin Warsh, are emerging as the administration seeks to influence the central bank's direction.
Source: YAHOO