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U.S. President Donald Trump has interviewed Federal Reserve Governor Christopher Waller as a potential successor to Jerome Powell as Fed Chair, praising him as "great". This move comes as Powell's four-year term as chair is set to expire in May. Trump mentioned that Waller is among three or four finalists being considered for the position, alongside other contenders like White House economic adviser Kevin Hassett and former Fed Governor Kevin Warsh ¹ ² ³.
Waller, a Nebraska native with a PhD in economics, has been a vocal advocate for cutting interest rates and has emphasized the importance of maintaining the Fed's independence from political influence. Trump has expressed his desire for a successor who will support growth-friendly monetary policy ⁴ ⁵.
The decision on the next Fed Chair is highly anticipated, with potential implications for U.S. economic policy and global markets.
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