Trump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder, sources say

The Trump administration is considering 11 candidates instead of Federal Reserve President Jerome Powell, including two administrative officials who refused to take their name, including three unknowns that have not been announced before.

New names include Jefferies Chief Market Strategist David Zarvos, former Fed Governor Lindsey, and Rick Rimer, the investment manager of the global fixed income in Blackrock.

Now, Fed Michelle Bowman, Fed Governor Chris Waller and FED Vice President Philip Jefferson for the control of CNBC, are joining the list of other 8 candidates approved by CNBC. Authorities also, the economic consultant of the candidates under the management of Bush Marc Summerlin, Dallas Fed President Lorie Logan and Old St. Louis Fed confirmed that it contained President James Bullard.

President Trump recently said in an interview with CNBC, the National Economic Council Director Kevin Hassett and former Fed Governor Kevin Warsh’s list, he said.

Authorities have described the Treasury Secretary Scott Bessent, an interview with all candidates, downloaded the list and transfer the last list to the President for the decision.

The size of the list and the described process suggest that a decision is not close and can take a significant amount of time. However, the authorities would not offer a timeline.

The longer the process lasts, a few months ago before Powell leaving, the more likely a so -called “shadow Fed chair” would be, the more he argued that some would be destructive for monetary policy.

Although Powell’s sharply critical is critical, President Trump supported proposals that he could replace the Fed chair before the end of his mission.

Although most of the candidates have advocated various levels of reform in the FED, most of them supported their independence and have experience in monetary policy and financial markets.