In Choice of Fed Chairman, Trump Downgrades Deregulation.
'President Trump’s short list of candidates for Federal Reserve chairman all have this much in common: They do not share his frequently professed passion for financial deregulation.
Jerome H. Powell, the Fed governor whose candidacy is said to be backed by Treasury Secretary Steven Mnuchin, participated in the construction of the current rules, and he has defended the bulk of the changes made after the 2008 financial crisis as necessary safeguards for the broader economy.
In an appearance in June before the Senate Banking Committee, Mr. Powell described Mr. Trump’s regulatory plan as a “mixed bag,” adding, “There are some ideas that I would not support.”
The other names on Mr. Trump’s short list are also not champions of deregulation. Janet L. Yellen, the current Fed chairwoman, is a vocal proponent of regulation, while John B. Taylor, a Stanford economist, is primarily a critic of the Fed’s monetary policy.'>>>
https://www.nytimes.com/2017/10/29/business/federal-reserve-chairman-trump.html?