San Francisco Fed President Williams being considered by Trump for vice chair


President Donald Trump is considering San Francisco Federal Reserve Bank President John Williams to be the central bank’s next vice chair, a source told CNBC.

A separate source told CNBC that no decision had been made, adding that one is unlikely to be made next week with Trump traveling to the World Economic Forum in Davos, Switzerland.

Williams took over as the head of the San Francisco Fed in March 2011, succeeding current Fed Chair Janet Yellen. He started his career at the Fed in 1994. He is also a voting member of the central bank’s policymaking committee this year.

This would be the latest change to the U.S. central bank by President Trump. Late last year, he nominated Fed Governor Jerome Powell to become the next Fed chair.

The Wall Street Journal first reported the interest in Williams for the vice chair job.

Source link

Products You May Like

Articles You May Like

Rare 70 pound meteorite sells for record $237,500 at Christie’s
BHP’s half year profit jumps 25 percent, boosts dividend
The Dow stocks to own when inflation is running hotter
Referred to a financial advisor? Here’s what you should ask
Car shoppers may find good deals with President’s Day weekend sales push

Leave a Reply

Your email address will not be published. Required fields are marked *