President Donald Trump’s search for a new Federal Reserve chair is becoming a hunt for an elusive unicorn candidate as blowback from his attacks on the central bank complicates the decision.
Trump is trying to check several boxes in a replacement for the current chair, Jerome Powell: He wants a loyalist who will pursue steep interest-rate cuts, command credibility both with Wall Street and the president’s MAGA base, and have a shot at Senate confirmation — all with the telegenic, central-casting factor that Trump seeks.
