President-elect Donald Trump’s choice for the United States Federal Reserve is a former Goldman Sachs executive and the bank’s chairman, John Taylor.
The two men have clashed at times in the past.
Mr. Taylor has been one of the bank board’s most vocal critics of the Federal Reserve, a central bank that he blames for the 2008 financial crisis.
His views have come under scrutiny recently by a watchdog group that says he has “failed to be impartial.”
The president-elect has been known to call for more independence from the Fed, saying in an interview with The Wall St. Journal that he wants “more independence” from the central bank.
Trump’s pick for the Fed has a history of financial and corporate ties.
The former president of Goldman Sachs is now the president of a major bank.
Taylor is also a board member at the U.S. Chamber of Commerce.
Taylor served as vice chairman of the board at Goldman Sachs during the financial crisis and is now a board director at a major investment bank.
The board of directors at the National Association of Manufacturers is composed of two Goldman Sachs alumni, two Goldman alumni and a former vice chairman.
The U.N. agency overseeing international trade has been critical of the Fed for its decision to raise interest rates, and the agency’s chief, Joseph Estrada, has been vocal about pushing for the bank to raise rates.
Taylor, a staunch supporter of free trade, is also known for his criticism of the trade policies of President Bill Clinton.