Wednesday, October 25, 2017

Trump Took Straw Poll: Should Taylor or Powell Be Head of the Federal Reservef?

President Donald Trump on Tuesday asked Republican senators for a show-of-hands poll on two candidates he is considering to be the next chairman of the Federal Reserve, reports The Wall Street Journal.

The president, who was on Capitol Hill at a Senate GOP caucus lunch, asked the group which
candidate they preferred to lead the Fed—current Fed governor Jerome Powell or Stanford University economics professor John Taylor, according to several lawmakers present.

“I think Taylor won, but he did not announce a winner,” said Sen. Tim Scott (R., S.C.).

The president also mentioned current Fed Chairwoman Janet Yellen, but didn’t include her in the informal poll, according to WSJ.

“I couldn’t tell which way he was going,” said Sen. John Kennedy (R., La.), who sits on the Senate Banking Committee.

Sen. Richard Shelby (R., Ala.), another member of the Senate Banking Committee, which would hold confirmation hearings on Mr. Trump’s nominee, said he raised his hand for both candidates in the president’s luncheon poll.

“I said, ‘They’re both good,’” Mr. Shelby said. “There are some other good candidates out there, too.”


1 comment:

  1. This smells like theatrics to me. I suspect neither one is his number one choice.