President Donald Trump plans to announce his nominee to chair the Federal Reserve before he leaves Nov. 3 for an 11-day trip to Asia and Hawaii, a person familiar with the process said.
Trump is working with a shortlist of five names to lead the central bank: former Fed Governor Kevin Warsh, Stanford University economist John Taylor, current Fed Governor Jerome Powell, National Economic Council Director Gary Cohn and the current chair, Janet Yellen, according to people familiar with the process.
Trump has already interviewed some of the candidates and plans to interview Yellen on Thursday. Her current term ends in February. The post is subject to confirmation by the U.S. Senate, a process that can take months to complete.
Andrew Harrer/Bloomberg
