Federal Reserve Governor Jay Powell was interviewed by President Donald Trump for the top job at the U.S. central bank, the Wall Street Journal reported Friday. Trump also interviewed former Fed governor Kevin Warsh for the Fed chairmanship, officials said. Powell, a Republican, is a former top Treasury official under President George H.W. Bush and later became a partner at the Carlyle Group before joining the Fed in 2012. His term at the central bank does not expire until 2028. Fed Chairwoman Janet Yellen’s term is set to expire early next year. Stephen Stanley, chief economist at Amherst Pierpont, said the interviews confirm his belief that Yellen will not be reappointed.
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