Trump interviews four for Federal Chair job

A decision will be taken in the next month, the US president says.
 

30 September 2017, 10:03am
US president Donald Trump is continuing his search or a new chief for the US central bank.

In the past week, Trump met with former Federal Reserve Governor Kevin Warsh and three others and promising a decision next month.

“I’ve had four meetings for Fed chairman and I’ll be making a decision over the next two or three weeks,” Trump told reporters on the White House South Lawn.

Trump has previously suggested that he may reappoint Fed Chair Janet Yellen to the post.

The US central bank is currently undergoing a programme aimed at strengthening economy and failing unemployment, though inflation still lingers below the Fed’s 2 percent goal.

Under former leader Yellen, he Fed has raised interest rates and launched a plan to shrink its $4.5 trillion balance sheet Her term as chair expires in February.

Warsh was a Fed governor between 2006 and 2011 and resigned from the board because of his opposition to the bond-buying program. He has called for a revamp of how the Fed makes monetary policy, saying it needs “fresh air” from markets and from the “real economy.”