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Trump met Stanford's John Taylor in Fed chair search, White House official says

  • Trump met on Wednesday with Stanford University economist John Taylor, a White House official said.
  • Current Fed Chair Janet Yellen's term expires in February. She is also on Trump's short list, sources have said.

President Donald Trump met on Wednesday with Stanford University economist John Taylor in his search for a new chair of the Federal Reserve, a White House official said.

Trump was joined for the meeting by Vice President Mike Pence and members of his team helping in his search for a Fed chair, including Treasury Secretary Steve Mnuchin, the official told Reuters.

Trump is working from a short list that includes Jerome Powell, a Fed governor, Kevin Warsh, a former Fed governor, his top economic adviser Gary Cohn, and current Fed Chair Janet Yellen, whose term expires in February, sources have said.