James Bullard, a former St. Louis Fed president, and economic consultant Marc Sumerlin are in the running to succeed Jerome Powell.

President Donald Trump's economic advisers have expanded the pool of potential successors to Federal Reserve Chair Jerome Powell, according to [a Wall Street Journal report](

The Federal Reserve has not approved an interest rate cut since before the Nov. 5 election, but one of its governors said she wants three rate cuts this year.

The Federal Reserve's vice chair of supervision, Michelle Bowman, on Saturday said recent weak job data underscores her concerns about labor market fragility and strengthens her confidence in her own forecast that three interest-rate cuts will likely be appropriate this year.

A top official at the Federal Reserve is saying that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower

Stephen I. Miran may spend only a few months on the central bank’s board of governors, but in that time he can influence the discussions around interest rates and who will become the institution’s next leader.

The appointment gives President Trump a potentially more direct route to pursue his desire for easier monetary policy and sway over the world's most influential central bank.