Trump interviews four for Fed chair job, to decide next month

Kevin Warsh

Kevin Warsh

US President Donald Trump said he has held 4 meetings to discuss who should lead the Fed starting early next year and expects to decide within 3 weeks.

"We've had four meetings for Fed chairman, and I'll be making a decision over the next two or three weeks", Trump told reporters at an impromptu afternoon question-and-answer session.

U.S. president Donald Trump met former central banker Kevin Warsh Thursday, as he moves to fill emptying spots on the Federal Reserve board.

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It is possible that Trump's four meetings were with Yellen, Cohn, Warsh and Powell, though Trump did not provide names.

The US central bank is now undergoing a programme aimed at strengthening economy and failing unemployment, though inflation still lingers below the Fed's 2 percent goal.

Warsh, who served on the board from 2006 to 2011, was a key adviser to Fed Chairman Ben Bernanke during the 2008 financial crisis. The yield on a two-year note increased 1.47 percent and 10-year bonds rose 2.32 percent.

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"We would definitely come out against him if he was the nominee", said Jordan Haedtler, the campaign manager for FedUp, a grassroots group that has has sought more diversity at the central bank. He is quite a contrast to Yellen.

Others previously identified by administration officials as potential contenders for Fed chair include Stanford economist John Taylor, former BB&T Corp CEO John Allison and Columbia University economist Glenn Hubbard.

There are three vacancies on the Fed board, and there will soon be a fourth.

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The Kurds have ruled an autonomous area within Iraq since a United States-led coalition ousted Saddam Hussein in 2003. Prime Minister Haider al-Abadi's ultimatum came the day after the vote and ahead of the release of official results.

There has also been speculation that Trump could turn to his top economic aide, Gary Cohn, for the Fed chair position.

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