Sources: Trump's list of candidates for Fed chair expands to 11, including veteran Wall Street strategists.

Jin10 data, August 13 - According to CNBC, two unnamed government officials revealed that the Trump administration is considering 11 candidates to succeed Fed Chairman Powell when his term expires in May next year, including three individuals who have never been publicly nominated before. These new members include Jefferies’ Chief Market Strategist David Zervos, former Federal Reserve Board of Governors member Larry Lindsey, and BlackRock’s Chief Investment Officer of Global Fixed Income Rick Rieder. They are included in the consideration list along with eight candidates previously confirmed by CNBC, which include Fed Vice Chair Bowman, Fed Governor Waller, and Fed Vice Chair Jefferson. Officials also confirmed that the candidate list includes Mark Zandi, who served as an economic advisor in the Bush administration, Dallas Fed President Logan, and former St. Louis Fed President Bullard. Officials described a “deliberative process” in which Treasury Secretary Yellen will meet with all candidates, narrow down the list, and present the final list to the President for a decision. The size of the list and the described process suggest that a decision is not imminent and may take quite a long time. However, officials were reluctant to provide a timeline.