Trump will interview current Federal Reserve Governor Waller regarding the selection of the Federal Reserve Chair

According to informed sources, Trump will interview current Federal Reserve Governor Waller on Wednesday local time regarding the selection of the Federal Reserve Chair. Trump interviewed former Federal Reserve Governor Kevin Warsh last week.

Trump stated that Warsh and Hassett are currently his two favored candidates. This year, Waller has become a leading voice within the Federal Reserve advocating for interest rate cuts. At the Federal Reserve's July meeting, which kept interest rates unchanged, Waller cast a dissenting vote in favor of a rate cut.

Waller is the most favored candidate for Federal Reserve Chair among economists and is well-regarded on Wall Street for his logically clear and consistent arguments for rate cuts this year, and is seen as capable of bridging the widening divide within the Federal Reserve. Several of his arguments for rate cuts have been adopted by current Chair Powell. Waller will give a speech on the economic outlook on Wednesday evening Beijing time. (Jinshi)