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Article snippet: WASHINGTON — The White House has created a list of about a half-dozen candidates to be the next leader of the Federal Reserve, including its current chairwoman, Janet L. Yellen, and the president’s chief economic adviser, Gary D. Cohn, according to two administration officials and a third person with knowledge of the process. The list also includes Jerome H. Powell, a member of the Fed’s board of governors; Kevin Warsh, a former Fed governor; and the Stanford University economist John B. Taylor, the officials said. Preliminary interviews with some candidates have already begun with an eye toward presenting finalists to President Trump later this year. Ms. Yellen, whose four-year term ends in February, has been unusually successful in achieving the Fed’s goals of minimizing unemployment and moderating inflation. But Mr. Trump, while praising her performance, has said that he may decide not to reappoint her. “I like her and I respect her, but I haven’t made that decision yet,” Mr. Trump told reporters this month. Uncertainty about Mr. Trump’s decision is already causing some unease in financial markets. Ms. Yellen has charted a steady course for monetary policy in the coming years: gradual increases in interest rates and a gradual reduction in the Fed’s bond holdings. But some of the candidates Mr. Trump is considering, including Mr. Warsh and Mr. Taylor, have argued that the Fed should raise rates and reverse its postcrisis buildup of bonds more quickly. The Fed c... Link to the full article to read more