White House Considering at Least Six for Fed Chair
- Bankers, economists, business people are under consideration
- Markets patient for now with Yellen in charge until February
White House Considers at Least 6 Fed Contenders
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The White House is considering more than a half-dozen candidates to be the next head of the Federal Reserve, including economists and business people, with a goal of filling out a depleted board with expertise ranging from financial regulation to community banking, according to three people familiar with the matter.
The breadth of the search goes against the narrative that has taken hold in Washington and on Wall Street that the Fed chair nomination is a two-horse race between National Economic Council Director Gary Cohn and current Fed Chair Janet Yellen, whose term expires in February.