The Federal Reserve Reveals List of Five Final Candidates for New Chair

BlockBeats News, October 27th, U.S. Treasury Secretary Yellen confirmed on Monday that the final list of five candidates to succeed Fed Chair Powell has been finalized, stating that it is expected Trump will make a decision before the end of the year.

Yellen told reporters aboard Air Force One on Monday that the candidate pool has narrowed down to current Fed governors Waller and Bowman, former Fed governor Warsh, White House National Economic Council Director Hassett, and BlackRock executive Reed.

Yellen, who is in charge of the interview process for the position, reiterated that he plans to conduct another round of interviews and hopes to submit a "strong list of candidates" to Trump after the Thanksgiving holiday.

Trump himself also told reporters that he expects to make a decision on the nomination before the end of the year. (FX Street)