The Next Fed Chair
Good central bankers make decisions based on what they believe is best for the economy, relying on evolving data, not on evolving political imperatives. Only two of the Trump administration's five apparent candidates to chair the US Federal Reserve fit the bill.
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CAMBRIDGE – US President Donald Trump’s administration is expected, by November 2, to announce its choice, subject to Senate approval, to succeed Janet Yellen as Chair of the Federal Reserve Board in February 2018. The White House has indicated that it is weighing five potential candidates. Not all of them would be a good choice.