FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT: “President Donald Trump is nearing a decision on whom to pick to lead the Federal Reserve, and met Wednesday [10-11-17] with one of four candidates, according to people familiar with the matter.
Mr. Trump met with Stanford University economist John Taylor, a White House official said. Mr. Taylor has criticized the central bank’s easy-money stimulus policies since the financial crisis and pushed for the adoption of a mathematical formula to guide the Fed’s interest-rate decisions.
The president met late last month with former Fed governor Kevin Warsh and current Fed governor Jerome Powell to discuss the job.
Janet Yellen, whose four-year term as Fed chairwoman expires in early February, is also among the final contenders, according to people familiar with the matter…
The president’s pick is subject to Senate confirmation, a process that all four candidates have gone through in the past, some of them multiple times. Ms. Yellen was confirmed most recently when she became Fed chairwoman in 2014; Mr. Powell was confirmed in 2014; Mr. Warsh was confirmed when he joined the Fed in 2006; and Mr. Taylor was confirmed in 2001 to serve as Treasury undersecretary for international affairs.”
-Kate Davidson and Peter Nicholas, “Trump Interviews Stanford Economist John Taylor for Fed Chairman Job,” The Wall Street Journal online, Oct. 12, 2017 07:23pm