And the Next Fed Chairman Is … – NMP Skip to main content

And the Next Fed Chairman Is …

Oct 18, 2017

President Trump has narrowed the field of candidates for Federal Reserve chairman to five individuals, including the current occupant of the central bank’s leadership role.
 
According to an Associated Press report citing “a White House official speaking on condition of anonymity,” Fed Chairwoman Janet Yellen is in the running for a second term, despite the president’s statements during his 2016 election campaign that Yellen would not be reappointed. The other finalists are current Fed board member Jerome Powell, National Economic Council director Gary Cohn, former Fed board member Kevin Warsh and Stanford University economist John Taylor.
 
The President was asked during a news conference if there were other candidates, but stated the choice was narrowed to the five.
 
“Honestly, I like them all,” President Trump said when asked if he had a favorite. “I do. I have a great respect for all of them. But I will make a decision over the next very short period of time.”
 
The Associated Press added that a decision is likely to be made before the President leaves on Nov. 3 for a trip to Asia. Yellen’s four-year term as Fed chief ends on Feb. 3. 

 
About the author
Published
Oct 18, 2017
MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation

CFPB Tells Lenders Immigration Status Can Factor Into ATR Analysis

CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk

UAD 3.6 Deadline Nears; First American Earns Verification

First American's ACI Sky Workbench gains verification ahead of the Nov. 2 implementation date for the GSEs' updated appraisal reporting requirements

MISMO Introduces New Loan Boarding Standard

Wrapper Files support standardized data transfers between origination and servicing systems, with potential savings of $60 to $160 per loan

The GLBA Compliance Gap Your AI Deployment Just Opened

Old statutes, new models, and the vendor contract you signed before machine learning became operational

FHA Keeps Tri-Merge Credit Reports While Expanding Approved Scoring Models

HUD says FHA lenders will continue using three-bureau credit reports even as the agency adopts newer scoring models aimed at increasing competition and modernizing mortgage underwriting