Who Will be the Next Chair of the Federal Reserve?

The current term of Janet Yellen at the head of the Federal Reserve (Fed) will end in early 2018. It is up to Donald Trump to decide whether to ask her to remain for a second term or to choose a successor. In this case, there are several options, and a few names are often mentioned, notably that of Jerome Powell, a Governor of the Fed since 2012, and that of Kevin Warsh, a former Fed Governor (from 2006 to 2011) and John B. Taylor, a professor at Stanford University. President Trump’s choice may have a significant impact on the future direction of monetary policy in the United States, just as the Fed is facing several challenges.