Waller Reportedly Had A ‘Strong Interview’ For Fed Chair Job With Trump On The Same Day He Said There’s Room For Up To 100 Bps Rate Cuts

• According to the report, officials said that President Trump’s discussion with Waller showed that he was not seeking a candidate who would defer to his demands on monetary policy.
• In an interview with The Wall Street Journal last week, President Trump stated that he wants to be “listened to” by the Fed Chair when it comes to setting interest rates.
• BlackRock’s Chief Investment Officer of Global Fixed Income, Rich Rieder, is set to be interviewed by President Trump for the Fed Chair job during the last week of 2025.

Federal Reserve Governor Christopher Waller reportedly had a “strong interview” with President Donald Trump for the Fed Chair position on Wednesday.

According to a CNBC report citing senior officials in the Trump administration, Waller’s interview was conducted at President Trump’s residence. It was concluded before the President’s address to the nation on Wednesday night.

This interview was conducted on the same day on which Waller spoke at the Yale School of Management CEO Summit in New York. The Fed Governor stated that rates could be cut by 50 to 100 basis points (bps) on expectations of a decline in inflation.

Misplaced Criticism

According to the report, officials said that President Trump’s discussion with Waller showed that he was not seeking a candidate who would defer to his demands on monetary policy.

In an interview with The Wall Street Journal last week, President Trump stated that he wants to be “listened to” by the Fed Chair when it comes to setting interest rates. “It doesn’t mean—I don’t think he should do exactly what we say. But certainly we’re—I’m a smart voice and should be listened to,” he said.

In 2019, President Trump nominated Waller to be a Fed Governor.

Rick Reider To Be Interviewed Next

BlackRock’s Chief Investment Officer of Global Fixed Income, Rich Rieder, is set to be interviewed by President Trump for the Fed Chair job during the last week of 2025, the report said.

The list of Fed Chair candidates has now been narrowed to four, with Fed Governor Michelle Bowman out of the race, according to the report.

White House National Economic Council Director Kevin Hassett and former Fed Governor Kevin Warsh have already been interviewed for the position.

Meanwhile, U.S. equities gained in Friday’s opening trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was up by 0.67%, the Invesco QQQ Trust ETF (QQQ) rose 0.95%, while the SPDR Dow Jones Industrial Average ETF Trust (DIA) gained 0.53%. Retail sentiment on Stocktwits regarding the S&P 500 ETF was in the ‘bearish’ territory.

The iShares 7-10 Year Treasury Bond ETF (IEF) was down by 0.1% at the time of writing.

Also See: AbbVie, Merck, Other Top Drugmakers To Lower Prices Of US Drugs In MFN Deal With Trump Administration: Report

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