Trump said in interviews with the Wall Street Journal last year that he prefers low interest rates to help spur economic growth. 2 to Fed Chair Jerome H. Powell, who is a lawyer and does not have a PhD in economics. Several of America's most prominent economists, including former Fed chair Ben Bernanke and former Fed vice chair Stanley Fischer, wrote a letter urging senators to confirm Clarida. “Trump's Fed nominees are higher caliber,” said Gus Faucher, chief economist at PNC Bank. In the past, Fed nominees have typically received bipartisan support.

Source: Washington Post May 15, 2018 17:29 UTC