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Henry Maher, Lecturer in Politics, Department of Government and International Relations, University of Sydney

Trump is close to naming the new Federal Reserve chief. His choice could raise the risk of stagflation

Donald Trump US Federal Reserve Arthur Burns Jerome Powell Interest Rates the Federal Reserve Paul Volcker Kevin Hassett Kevin Warsh Richard Nixon

US President Donald Trump has signalled in an interview with the Wall Street Journal he is close to announcing his pick for the next chair of the US Federal Reserve.

With inflation again increasing amid widespread focus on the crisis of affordability, Trump’s appointment will be closely watched by financial markets and consumers alike.

The central bank has become a battleground as Trump seeks to extend his influence over Federal Reserve policy.

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