Trump’s team expands search for Fed chair to about 10 names, WSJ reports

U.S.PresidentDonald Trump’steam is reviewing new contenders to lead theFederal ReserveonceChairJerome Powell’sterm ends in May, including a longtime economic consultant and a past regional Fed president, theWall Street Journalreported on Friday.

The 10 or so people on the newly expanded list include former St. Louis Fed PresidentJames BullardandMarc Sumerlin, a former economic adviser to PresidentGeorge W. Bush, WSJ said, citing officials.Trump last week said he had narrowed the list to four.

National Economic CouncildirectorKevin Hassettand former Fed governorKevin Warshremain under consideration, along with current Fed governorChristopher Waller, WSJ said. Reuters has previously reported that these three are candidates, but could not immediately verify the rest of the report.

Trump has been criticizing Powell all year for not cutting rates, building on disappointment with the Fed chief that emerged during his first term as president shortly after he elevated Powell to the Fed chair role.

It was not clear what a broader list of candidates would mean for the timing of an appointment. Treasury SecretaryScottBessentis helping lead the search.

The president moved quickly to name an ally to the Fed Board this week after Fed GovernorAdriana Kugler, a Biden appointee who did not support rate cuts, unexpectedly resigned as of the end of this week.Council of Economic Advisers Stephen Miranwill serve out the remaining months of Kugler’s term, which ends onJanuary 31.

Trump has indicated a search continues for someone who could fill the Fed Board role for a 14-year term beginningFebruary 1.