Inside Warsh's selection process for the next Atlanta Fed president
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- That process has shifted as Warsh has begun to put his stamp on the Fed.
- It isn't clear if Faulkender is still a candidate.
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The search for a new president of the Federal Reserve Bank of Atlanta — now entering its seventh month — is being watched carefully for how new Fed Chairman Kevin Warsh intends to reshape the interest rate-setting Federal Open Market Committee.
That process has shifted as Warsh has begun to put his stamp on the Fed. The Fed was considering candidates for Atlanta under then-Chair Jerome Powell, but the selection process was paused in part to allow Warsh to oversee the appointment, two people familiar with the hiring process told CNBC, speaking on condition of anonymity to discuss the ongoing search. Michael Faulkender, a former senior Treasury official under President Donald Trump, was subsequently considered for the position in Atlanta, the people said.