The search process goes against the ongoing narrative that the nomination is a toss-up between National Economic Council Director Gary Cohn and current Fed Chair Janet Yellen.
Other names in the running include Kevin Warsh, a former Fed governor; Glenn Hubbard, an economist based in Columbia University; and John Taylor, a professor at Stanford University, Bloomberg reported, citing people familiar with the matter. The White House has also considered Lawrence Lindsey, a former economic adviser to President George W. Bush, former US Bancorp CEO Richard Davis, and former BB&T Corp. CEO John Allison.
Despite the list, President Donald Trump has yet to completely focus on the search, Bloomberg reported. According to a source, the search is being supervised by John DeStafano, the chief personnel recruiter in the White House. Recruitment staff are not prepared to present the shortlist just yet, the report said.
Trump has said previously that he was considering Cohn and Yellen for the role. However, recent reports said Cohn’s chances at the nomination have fallen after he criticized Trump’s comments following the Charlottesville protests.
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The nomination for Federal Reserve chairman is not a two-horse race, with at least six people – including economists, bankers, and businessmen – under consideration for the post, according to a Bloomberg report.