Fed's Waller is looking like the favorite for the new Fed chair

Fed's Waller is looking like the favorite for the new Fed chair

• Trump team likes Waller for his forecast for Fed rate cuts

According to Bloomberg,:

• Fed's Waller is a favorite for Fed chair
• The Trump team likes Waller's forecast for Fed rate cuts
• Waller has met with the Trump team but not with Trump himself

Although Trump says he supports the Fed's independence and the recent spin is that the Fed is political with the split in vote going along "party lines" - as in who nominated the Fed governors - the truth is that Trump wants to shift that political bias in his direction and make the Fed "his house".