Final Stage for Fed Chair Selection
According to recent statements from Treasury Secretary Benson, the list of potential candidates for the Federal Reserve Chair has been narrowed down to four individuals. The final decision is expected to be announced either before or shortly after the World Economic Forum in Davos.
Roles for Bowman and Miller
When discussing the Fed's board members, Benson indicated that Bowman's current role remains crucial, making it the most suitable path for her to continue in her existing position. Additionally, he noted that Miller's tenure will continue beyond January 31, ensuring ongoing stability within the Fed's leadership.
Trump's Stance Still Unclear
Despite widespread speculation, Benson revealed that President Trump has not yet shared his personal preference regarding the Fed Chair nomination. This suggests that the final selection could still go in multiple directions.
Hassett's Potential Involvement
When asked about the possibility of former economic advisor Hassett taking the role, Benson emphasized that the ultimate decision lies entirely with the President. His remarks highlight that while expertise matters, the Fed Chair appointment also involves broader political considerations.
- List of Fed Chair candidates narrowed to four
- Decision expected around the Davos summit
- Bowman seen as best fit for current role
- Miller's tenure to continue past January 31
- Trump yet to express personal preference