fed pick coming in fairly short time
Saturday 11 January 2025
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Fed pick coming in 'fairly short' time

Egypt Today, egypt today

Egypt Today, egypt today Fed pick coming in 'fairly short' time

Current Fed Chair Janet Yellen's term
Washington - AFP

President Donald Trump said Tuesday he would choose a new Federal Reserve chair among five front-runners in a "fairly short" time but stopped short of naming a favorite.

Current Fed Chair Janet Yellen's term is due to expire in February. Trump is reportedly considering candidates including former Fed governor Kevin Warsh, current White House economic advisor Gary Cohn, Stanford economist John Taylor, current Fed Governor Jerome Powell and Yellen herself.

"I would say within those five you'll be getting the answer and I'll be making a decision over the next fairly short period of time," Trump told reporters at the White House.

"I have great respect for all of them."

Trump and Yellen are due to meet on Thursday, according to The Wall Street Journal.

On the campaign trail, Trump accused Yellen of doing the former Obama administration's bidding by keeping interest rates low. Since taking office, however, the president has said he likes Yellen and holds her in high esteem.

Randal Quarles, Trump's pick for top Fed official in charge of banking regulation, took office on Friday, the same day Vice Chairman Stanley Fischer stepped down.

With three current vacancies and Yellen's replacement yet to be found, Trump will soon have the chance to reshape the composition of the US central bank.

Yellen has so far kept mum on her own intentions but, prior to stepping down, Fischer urged Trump to reappoint her, suggesting she may be willing to stay on.

Source: AFP

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fed pick coming in fairly short time fed pick coming in fairly short time



GMT 14:08 2017 Wednesday ,14 June

Pakistan beat Sri Lanka to reach

GMT 13:29 2018 Friday ,14 December

Turkey targets military over alleged Gulen links

GMT 09:48 2016 Tuesday ,09 February

Canada to end air strikes in Iraq, Syria this month

GMT 12:26 2015 Monday ,14 September

Spain Podemos chief hails British 'ally' Corbyn

GMT 08:59 2017 Saturday ,21 October

Donia Abdel Aziz aspires to return to cinema

GMT 20:03 2012 Saturday ,17 March

The nursery necessity

GMT 13:50 2018 Thursday ,18 October

Hamdallah pays solidarity visit to Khan al-Ahmar

GMT 07:40 2018 Wednesday ,19 September

Weather: Temperature higher than annual average

GMT 11:09 2015 Thursday ,24 September

Mexican singers Garcia, Lafourcade lead Grammy nods

GMT 02:42 2017 Tuesday ,07 February

SCB to organise artistic workshops in Dubai

GMT 12:45 2016 Saturday ,10 December

Taylor Swift surprises in new song with Zayn

GMT 18:20 2017 Monday ,30 January

Lily Collins astonishes in green dress

GMT 11:09 2016 Thursday ,15 September

Bowie tipped for posthumous Mercury Prize win

GMT 15:53 2017 Thursday ,19 January

Metallica, John Legend to perform at Grammys

GMT 11:13 2014 Tuesday ,04 November

No disagreements with Russian church

GMT 17:53 2017 Friday ,17 March

U.S. House Speaker Meets Bahrain FM

GMT 02:33 2017 Wednesday ,15 March

Testing as a shield against genetic diseases

GMT 07:36 2015 Wednesday ,30 September

Spurs, Fiorentina bid to carry momentum into Europa League

GMT 15:57 2017 Tuesday ,14 March

Seef Properties holds annual general meeting

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday