Former Federal Reserve Governor Kevin Warsh has emerged as the leading candidate to run the central bank next year, jumping ahead of current Chair Janet Yellen, according to a Bloomberg survey of economists Oct. 6–11. Fed Governor Jerome Powell—until now seen as a long-shot—vaulted into a tie for second with Yellen behind Warsh in the poll.
The three—along with Stanford University professor John Taylor and White House economic adviser Gary Cohn—are on a shortlist that President Donald Trump is considering for the Fed chair job, according to administration officials. Yellen’s current four-year term as the central-bank’s chair expires on Feb. 3. Trump has indicated that he may name a nominee, who would be subject to Senate approval, this month.
* Added to the September poll after being mentioned as candidates by people familiar with the matter