Trump Picks Caroline Pham to Serve as Acting CFTC Chair (1)

President Donald Trump has selected junior CFTC Commissioner Caroline Pham as acting chair of the swaps and derivatives regulator, according to an announcement from her office.

The five members of the Commodity Futures Trading Commission voted Monday to confirm Pham as acting chair. Traditionally the commission approves whoever the incoming administration has selected to serve in the acting role.

Pham said she was “humbled” by the selection.

“I want to thank President Trump for his confidence in me, and I’m grateful to my colleagues and the CFTC staff for their support,” she said in a statement. She added that she ...