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The US President Donald Trump is set to interview Fed Governor Christopher Waller on Wednesday, for the top Fed job, according to people familiar to that matter, revealed the Wall Street Journal. Waller add his name to National Economic Council Director Kevin Hassett and former Fed Governor Kevin Warsh, which had been already interviewed by Trump. In July, Waller dissented in favor of a rate cut, citing the deterioration of the labor market. A WSJ poll in October revealed that Waller was ranked as the top choice of economists, because “he has laid out some of the most intellectually consistent arguments for rate cuts this year and is seen as someone who might be able to navigate internal divisions.” “Several of his arguments for cutting rates have been adopted by Fed Chair Jerome Powell, who has faced unusually broad internal opposition from other officials more concerned about inflation risks,” the article mentions. Despite this, Waller’s chances are slim as he lacks the personal relationship with Trump, despite being nominated by him to the Federal Reserve in 2020. Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. The Federal Reserve (Fed) holds eight policy meetings a year,…

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Filed under: News - @ December 16, 2025 10:27 pm