u.s. president donald trump interview several top prospect post chair federal reserve nomination could come within weeks term current chair janet yellen end february 2018. yellen meet trump job thursday graphic next chair federal reserve click tmsnrt.rs/2yqjh2i face choice two continuity candidates yellen governor jerome powell clutch outsiders include gary cohn currently top economic advisor former feed governor kevin warsh stanford university economics professor john taylor short profile candidates gary cohn 57 director national economic council experience longtime goldman sachs employee president chief operate officer wall street bank 2006 2017. education bachelor degree business american university policy position cohn current job director nec give little reason comment monetary policy worry past feed constrain action central bank try keep currencies weak word wake tomorrow every central bank world raise interest rat percent world would much good place pros candidacy practitioner understand financial market time feed attempt unwind bond portfolio buy 2008 financial crisis trust white house many congressional republicans give cohn high-profile role trump administration con candidacy formal economics background time feed lean ever econometric model decipher mix signal inflation employment data decades-long career goldman sachs personal fortune worth least 260 million could raise eyebrows come confirmation senate members side see investment bank symbol financial industry excess criticism trump wake charlottesville virginia protest jerome powell 64 federal reserve governor experience lawyer investment banker partner private equity firm carlyle group 1997-2005 senior treasury official george h.w bush feed governor since 2012 appoint president obama education bachelor degree politics princeton university law degree georgetown university policy position powell never dissent feed line yellen support slowly raise interest rat long economy continue grow inflation expect rise advocate ease aspects dodd-frank regulations discuss ways revise volcker rule word committee patient raise rat patience pay dividends ... would view appropriate continue gradually raise rat pros candidacy uncontroversial pick position could compromise replace yellen provide continuity republican currently board governors already help guide economy recovery would likely get bipartisan support congress familiarity market financial regulation may consider plus con candidacy current feed member identify centrist wing republican party may provide enough change trump decide replace yellen expertise less formal economics market financial regulation may seem much overlap new vice chair supervision randal quarles john taylor 70 senior fellow stanford university hoover institution experience undersecretary treasury international affairs george w. bush administration 2001 2005 member council economic advisers presidents jimmy carter george h. w. bush education phd economics stanford university policy position developer eponymous taylor rule set interest rat taylor feel feed transition rules-based policy order make decision-making predictable-transparent-accountable word important basic understand monetary policy strategy fomc require adopt explain monetary strategy compare strategy monetary policy rule transparent way pros candidacy train economist whose elegantly simple research 1990s transform debate central bank set rat support among key capitol hill republicans feel feed much discretion well know central bank circle even ideas universally support con candidacy long-term member central bank academic cliques trump may want disrupt advocacy rule-based policy may land thud institution thrive consensus judgment break yellen current policy framework could disrupt market taylor insist broad reform kevin warsh 47 visit fellow stanford university hoover institution experience feed governor 2006 2011 economic adviser president george w. bush 2002 2006 lawyer morgan stanley seven years education bachelor degree public policy stanford university law degree harvard university policy position warsh feel feed try fine-tune economy argue policymakers much discretion feel feed aim inflation percent effectively low inflation target word accept feed newfound conviction low neutral equilibrium real short-term interest rate fix feature future monetary policy ... central bank academic community engage fundamental rethink feed strategy tool governance communications pros candidacy former banker several years former feed chair ben bernanke right-hand man financial market familiarity wall street wife jane lauder warsh daughter cosmetics magnate ron lauder longtime friend trump serve president economic advisory council disband con candidacy may see hawkish president call low interest rate person academic economist like yellen bernanke still maintain u.s. monetary policy need full makeover worry inflation even 2008 financial crisis hit quit feed second round bond-buying possible black mark judgment give success quantitative ease program even quit feed bond buy never dissent fomc decisions janet yellen 71 federal reserve chair experience also serve feed governor president san francisco feed feed vice chair 2010 2014 education phd economics yale university policy position yellen steer feed towards gradual rate increase slow reduction balance sheet dependent evidence continue economic recovery argue post-crisis financial regulation make economy stable without sacrifice growth word colleagues may misjudge strength labor market ... even fundamental force drive inflation ... policy formulate face significant uncertainties view strengthen case gradual pace adjustments pros candidacy career feed system four years head earn trust market show shift policy without major disruption grow economy low unemployment strong stock market make case continuity trump say publicly feel good job con candidacy could see democratic holdover president may want put stamp feed feel core regulations approve financial crisis remain intact possible friction administration deregulatory bend republican leaders want feed less discretion monetary policy idea yellen resist factbox trump pick lead federal reserve