The Wall Street Journal: Bullard says White House contacted him about job on Fed board

WASHINGTON — Federal Reserve Bank of St. Louis President James Bullard said Tuesday he has been approached by White House officials “in recent months” about the possibility of serving on the Fed’s board of governors.

Bullard characterized the discussions as “exploratory in nature.” He said he told the Trump administration that he is happy in his current position and noted that he currently sits on the Fed’s rate-setting committee. But he declined to provide more detail or to specify the timing of his most recent contact.

“On the White House question, I don’t think I’m going to go any further. If they want to talk about it, they can,” Bullard told reporters. “There are lots of feelers, lots of channels, lots of speculation about this kind of thing, so it’s not uncommon at all.”

The Trump administration is searching for candidates to fill two vacancies on the Fed’s seven-member board, which helps to set monetary policy and wide-reaching financial regulation. President Donald Trump has frequently criticized the Fed for keeping interest rates too high, likening the 105-year-old central bank, in a Monday tweet, to “a stubborn child.” Bullard has tended to favor lower interest rates than some of his fellow central bankers in recent years.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

Global telecom carriers attacked by suspected Chinese hackers.

Is there a big short in bitcoin?

Filed in: Top News Tags: 

You might like:

The Wall Street Journal: Videogame-streamer DouYu raises $775 million in largest U.S. IPO by a Chinese company this year The Wall Street Journal: Videogame-streamer DouYu raises $775 million in largest U.S. IPO by a Chinese company this year
Market Snapshot: Stocks notch back-to-back losses and Dow transports shed 3.6% Market Snapshot: Stocks notch back-to-back losses and Dow transports shed 3.6%
Earnings Results: IBM stock slips as earnings, cloud revenue beat Street view Earnings Results: IBM stock slips as earnings, cloud revenue beat Street view
Earnings Results: IBM stock rises as earnings, cloud revenue beat Street view Earnings Results: IBM stock rises as earnings, cloud revenue beat Street view
NewsWatch: Netflix stock drops more than 10% as earnings show huge decline in new subscribers NewsWatch: Netflix stock drops more than 10% as earnings show huge decline in new subscribers
The Margin: Watch President Trump and Epstein ogle cheerleaders at Mar-a-Lago bash The Margin: Watch President Trump and Epstein ogle cheerleaders at Mar-a-Lago bash
Netflix stock drops more than 10% as earnings show huge decline in new subscribers Netflix stock drops more than 10% as earnings show huge decline in new subscribers
The Margin: Ready for grasshopper juice? These bugs pack 5x more antioxidants than fresh-squeezed OJ The Margin: Ready for grasshopper juice? These bugs pack 5x more antioxidants than fresh-squeezed OJ

Leave a Reply

Submit Comment
© 2019 Stock Investors News. All rights reserved. XHTML / CSS Valid.