Inside Kevin Warsh's selection process for the next Atlanta Fed president

Federal Reserve Bank of Atlanta Georgia government building entrance. Ablokhin | Istock Editorial | Getty Images 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. It isn't clear if Faulkender is still a candidate. The Atlanta Fed declined to comment on Faulkender or who is under consideration. "Our committee is conducting a thorough and deliberate search for the next president of the Federal Reserve Bank of Atlanta. We maintain our focus on selecting the best candidate to serve the Sixth District, while protecting the integrity of the process," Greg Haile, chair of the Atlanta Fed board of directors and presidential search committee, said in an emailed statement. …