Federal Reserve Governor Christopher Waller participated in a "strong interview" with President Donald Trump for the position of Federal Reserve Chair. The discussion, focusing on the labor market and job creation, was held at the president's residence and concluded shortly before Trump addressed the nation about the economy.
Joined by Treasury Secretary Scott Bessent, Chief of Staff Susie Wiles, and Deputy Chief of Staff Dan Scavino, Waller's interview is part of a broader series of discussions Trump is having with potential candidates for the role.
According to senior administration officials, Blackrock's Rick Rieder is set to be interviewed at Mar-a-Lago in the last week of the year. Meanwhile, Fed Governor Michelle Bowman is no longer considered a candidate.
The process so far has included interviews with National Economic Council Director Kevin Hassett, who remains a prediction market favorite, and former Fed Governor Kevin Warsh.
Officials emphasized that the conversation with Waller dispelled concerns that the president was seeking a Fed Chair candidate who would simply adhere to his preferences on interest rates. They stated the president's interest in candidates spans a range of economic issues.
Last week, Trump indicated in an interview with The Wall Street Journal that while he thinks the Fed Chair should consult with him on rates, he doesn't expect his advice to be the sole factor in decision-making.
During a response to a reporter's question in the Oval Office on Thursday, Trump expressed admiration for Waller, describing him as "great" and highlighting their long-term professional relationship stemming from his 2019 nomination of Waller as a Fed governor.
Despite this praise and a successful interview, no indication was given that Waller has emerged as a top contender for the Fed Chair job. The administration continues its "highly organized process" of interviews.
In a recent speech, Trump announced plans to soon appoint a Fed Chair who supports significantly lower interest rates, aiming to reduce mortgage payments further.