Trump Says He Will Nominate an Acting Fed Board Member in the Coming Days

BlockBeats News, August 7th - President Trump said that he may nominate an interim Federal Reserve Board member in the coming days to fill a vacancy, rather than taking the opportunity to advance his preferred candidate for the next Fed chair. "We may make the interim appointment first, and then we'll make the permanent appointment," Trump told reporters at the White House on Wednesday. "I think the interim will be announced over the next two to three days, and then we will make the permanent appointment."

Trump said he is considering "probably" three candidates for the position, who may come from Wall Street. He added that Commerce Secretary Lighthizer, Treasury Secretary Mnuchin, and Vice President Pence are each advisers in the process. Trump reiterated that he still views former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett as leading candidates for the chairmanship in the event of a vacancy. (Golden Finance)