Focusing on restructuring the Federal Reserve leadership, Trump's advisory group is adjusting the short list for Powell's successor, and Waller's "advantage" is declining
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The advisory team of U.S. President-elect Donald Trump is considering restructuring the leadership of the Federal Reserve, potentially promoting Governor Michelle Bowman to Vice Chair, responsible for supervision. They are paying attention to the current officials' statements on interest rates while adjusting the list of successors. Although Trump previously chose Jerome Powell as the Chair of the Federal Reserve, he has expressed dissatisfaction with that decision
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