Trump administration considers 11 candidates to replace Fed Chair Powell - CNBC

Investing.com -- The Trump administration is evaluating 11 candidates to replace Federal Reserve Chairman Jerome Powell when his term expires in May, according to CNBC.

The report said three previously undisclosed candidates have been added to the list: Jefferies Chief Market Strategist David Zervos, former Fed Governor Larry Lindsey, and BlackRock’s Rick Rieder, who serves as chief investment officer for global fixed income.

These new names join eight other candidates already under consideration, including Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Chris Waller, and Fed Vice Chair Philip Jefferson.

Additional candidates include Marc Summerlin, who served as an economic advisor in the Bush Administration, Dallas Fed President Lorie Logan, and former St. Louis Fed President James Bullard. National Economic Council Director Kevin Hassett and former Fed Governor Kevin Warsh are also being considered for the position.

The information was provided by two administration officials who spoke on condition of anonymity.

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