Focusing on restructuring the Federal Reserve leadership, Trump's advisory group is adjusting the short list for Powell's successor, and Waller's "advantage" is declining
The advisory team of U.S. President-elect Donald Trump is considering restructuring the leadership of the Federal Reserve, potentially promoting Governor Michelle Bowman to Vice Chair, responsible for supervision. They are paying attention to the current officials' statements on interest rates while adjusting the list of successors. Although Trump previously chose Jerome Powell as the Chair of the Federal Reserve, he has expressed dissatisfaction with that decision
According to informed sources, the advisors of U.S. President-elect Trump are considering how to reshape the leadership of the Federal Reserve, including promoting Governor Bowman to Vice Chair for Supervision. They are closely monitoring the current Federal Reserve officials' statements on interest rates as they adjust their list. Although Trump chose Powell as the Chairman of the Federal Reserve during his first term, he has since repeatedly expressed dissatisfaction with that decision.
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