Economy

Trump Meets With Warsh About Top Fed Job

Trump Meets With Warsh About Top Fed Job”

U.S. president Donald Trump met former central banker Kevin Warsh Thursday, as he moves to fill emptying spots on the Federal Reserve board.

Trump will soon have to decide whether to replace Janet Yellen as Fed chair when her four-year term is up in February. Some, including Warsh, have called on the Fed to act more aggressively to prevent another bubble from forming during the economic recovery, arguing big banks were using the cheap money as a crutch. The yield on a two-year note increased 1.47 percent and 10-year bonds rose 2.32 percent.

Warsh, one of the few high profile Republicans on Trump's business councils who did not denounce his reaction to the Charlottesville terrorist attack, met with Trump and Treasury Secretary Steven Mnuchin Thursday to discuss the potential appointment, The Wall Street Journal reported, citing a White House official.

Mr. Warsh, a veteran Republican economic policy maker, is married to Jane Lauder, granddaughter of cosmetic icon Estée Lauder.

The White House would not confirm the topic of the conversation, saying only that the president met on Monday with Warsh at the White House.



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