FEDERAL RESERVE/MIKE PENCE/NOMINATIONS/TRUMP AS PRESIDENT: “Kevin Warsh, a candidate for the Federal Reserve chairmanship, met with Vice President Mike Pence last week to talk about the central-bank job, according to a White House aide.
Mr. Warsh visited Thursday [10-19-17]—the same day Fed Chairwoman Janet Yellen was in the Oval Office interviewing for the same job with the president. Ms. Yellen’s term as Fed chairwoman expires in early February.
Mr. Pence has been part of a small group of senior White House officials who have been vetting candidates for the world’s most powerful central-banking job.
The president has narrowed his search to five candidates, telling reporters Monday he is ‘very, very close’ to a decision. In an interview with Fox News on Friday, he named Ms. Yellen, Fed governor Jerome Powell and John Taylor, a Stanford University economics professor, as favorites, without mentioning Mr. Warsh by name.
Mr. Trump has talked to all five about the job, interviewing Mr. Warsh last month. Mr. Pence also has interviewed Messrs. Taylor and Powell, a White House official said. Mr. Trump’s top economic adviser, Gary Cohn, is also a candidate.
Mr. Warsh is a former Morgan Stanley executive who served on the Fed board from 2006 to 2011. He and Mr. Taylor are favorites among some Republicans in Congress who, after several years of criticizing the Fed’s monetary and regulatory policy, want to see a leadership change at the central bank.”
-Peter Nicholas and Kate Davidson, “Warsh Met With Vice President Pence About Top Fed Job Last Week,” The Wall Street Journal online, Oct. 23, 2017 06:00pm