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Trump’s final 5 candidates for Fed chair
Donald Trump has indicated he is close to making a decision on arguably his most powerful economic appointee: the next chair of the Federal Reserve. While the president has dangled the possibility of reappointment before current chair Janet Yellen, her chances are seen as slim — she’s a liberal Democrat who has voiced concern about Trump’s desire to roll back post-crisis financial rules she was charged with implementing. The two favorites are Jerome Powell, a former private equity magnate now on the Fed’s board, and Kevin Warsh a former Fed governor and Morgan Stanley banker whose wealthy family is a major ... (full story)