(Photo Credit : REUTERS/Brendan McDermid)
1 / 6Federal Governor Christopher Waller is the leading choice to replace Chairman Jerome Powell, as both markets and President Donald Trump’s team, reportedly, have indicated support for his candidacy. Waller, who has advocated for immediate rate cuts, expressed readiness to take up the role of head of the US central bank last month, according to Reuters. (Image: Reuters)
(Photo Credit : Reuters/Jonathan Ernst)
2 / 6Economic adviser Kevin Hassett, Director of the National Economic Council, has served as a senior economist at the Board of Governors of the Federal Reserve System. However, markets aren’t keen on Hassett’s prospects considering his views align with the White House, prompting concerns around the independence of the Federal Reserve. (Image: Reuters)
(Photo Credit : REUTERS/An Saphir)
3 / 6Former Federal Reserve governor Kevin Warsh, currently a visiting fellow at Stanford University’s Hoover Institution, is not viewed positively by analysts as his views are considered to align with the White House. Warsh was a Fed governor from February 2006 to April 2011. (Image: Reuters)
(Photo Credit : Reuters/Ken Cedeno)
4 / 6Michelle W. Bowman, currently the Vice Chair for Supervision of the Board of Governors of the Federal Reserve System. Bowman has advocated for rate cuts, citing recent weak job data and labour market fragility.
(Photo Credit : Reuters/Edgar your)
5 / 6James Bullard served as the President of the Federal Reserve Bank of St. Louis for 15 years and is now the dean of Purdue’s business school. Earlier in his tenure, Bullard warned about the possibility of a Japanese-style deflation in the U.S. His paper on this topic, published in 2010, helped move the FOMC’s thinking toward a second round of quantitative easing. The Wall Street Journal reported that Bullard is one of the new contenders. (Image: Reuters)
6 / 6Marc Sumerlin, a former George W. Bush adviser, is also in the running for the Fed Chair post, according to Reuters. There isn’t much publicly available information on enigmatic Sumerlin’s views on monetary policy.
