Informed sources: Trump plans to install Milan and former World Bank president to the Federal Reserve Board of Governors
2025-08-26 20:35:47
According to the Wall Street Journal, people familiar with the matter said Mr. Trump had told advisers that he hoped to announce a nominee to succeed Mr. Cook as soon as possible. Mr. Trump said he could appoint Milan, his economic adviser, to replace Mr. Cook. Other potential candidates discussed by Mr. Trump include David Malpass, the former World Bank president whose close ally has criticised the Fed for not cutting interest rates, according to people familiar with the matter. If Mr. Milan is nominated to replace Mr. Cook, Mr. Malpass could be nominated to fill another Fed board vacancy.
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