Waller, Seen as Potential Fed Chair, Won’t Welcome Trump’s Input

Former President Donald Trump wants the White House to have a say on interest rates. The Federal Reserve governor seen as a possible candidate to lead the central bank in a second Trump term is vehemently opposed to the idea.

Aside from Chair Jerome Powell, Christopher Waller is one of two other Trump appointees on the Fed’s Board of Governors in Washington. Before he joined the Board in 2020, the 65-year-old economist devoted part of his career to quantifying the benefits of central bank independence — and he’s continued as one of its biggest advocates in his latest role. ...