The American government considers the name of the Governor of the Christopher Waller Federal Reserve to happen to the current hierarchy.
The Trump administration already has in its favorite to succeed Jerome Powell in the Fed.
Photo: AP
The government of Donald Trump deck the name of Governor of the Federal Reserve (FED) Christopher Waller as one of the main candidates to succeed Jerome Powell as the next president of the US Central Bank.
Waller already met with members of President Trump’s team, who were impressed with him, although he was not yet met with the presidentBloomberg News reported this Thursday.
In Wall Street, the main indices operate with casualties up to 0.6% after the news transcended that Waller was Trump’s main candidate For the position.
“President Trump will continue to payroll the most competent and experienced people to fulfill his promise to make the US rich again,” said the White House spokesman, Kush Desai. “However, unless it comes from President Trump himself, any discussion about personnel decisions should be considered pure speculation.”
Trump repeatedly criticized Powell for not cutting interest rates and, although he turned back in his threats to try to dismiss him before his mandate ends on May 15, he already accelerated the search for a substitute.
Trump’s choice will be examined closely by his perceived capacity to carry out monetary policy without giving in political pressurea quality that economists ensure that it is the basis of the ability of any central bank to combat inflation and what supports the financial stability of the US economy.
Powell did not say yet if he will break the tradition and stay as governor of the Fed when his mandate expires, although analysts speculate that if he felt that the independence of the entity is threatened would do so to deny Trump the opportunity to occupy another vacancy.
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Waller, a doctor in economics whose first speech after becoming governor dealing with the independence of the Fed, could dissipate those concerns. In the past he opted for a rate cut at Julio de la Fed meeting and disied along with his colleague Michelle BowmanVice President of the entity appointed by Trump, when the majority decided to keep the short -term indebtedness costs unchanged.
While Trump requested lower rates in order to reduce the cost of government loans, Waller built his case arguing that tariffs will not boost inflation and that a labor market in deceleration needs the support of a softer policy.
Source: Ambito
