Fed Governor Waller Would Lead US Central Bank If Trump Asks

Federal Reserve Governor Christopher Waller has expressed willingness to serve as Fed Chair if appointed by President Donald Trump, though Trump has not yet reached out to him. Waller, an advocate for an immediate interest rate cut, argues that the economy is showing signs of slowing despite low unemployment, and he supports lowering rates to address potential private-sector hiring slowdowns. Trump has criticized current Fed Chair Jerome Powell and has publicly called for his resignation, increasing speculation that Waller could be Trump's preferred successor due to his dovish monetary stance and strong confirmability. Policy strategist Greg Valliere noted that Waller's support for rate cuts and his credibility within the Fed make him a favorable candidate compared to other potential nominees. Powell’s term as Fed Chair is set to end in May, and Waller has reiterated his call for a rate cut at the upcoming Fed meeting. The situation is seen by some analysts as a potential political distraction amid other controversies surrounding Trump.