President Donald Trump plans to reveal his pick for Federal Reserve Chair on Friday morning
U.S. President Donald Trump announced he will name a new nominee for Federal Reserve Chair on Friday morning. The move follows his remarks at the Kennedy Center.
On January 29, [PE:Donald Trump] announced that he will reveal his pick to lead the [CO:US] central bank on Friday morning. Speaking at the Kennedy Center on Thursday, the [CO:US] president confirmed the timing of the selection for the top post at the Federal Reserve. This development marks the first formal indication of an imminent decision regarding the leadership of the institution.
The move involves naming a successor to Federal Reserve Chair [PE:Jerome Powell]. According to a report by Reuters, [PE:Donald Trump] provided a specific timeframe for the news while addressing the audience. "I’ll be announcing the Fed chair tomorrow morning," [PE:Donald Trump] stated during his remarks. The scheduled Friday announcement is expected to initiate the next phase of the senior institutional appointment.
