President Trump intends to name new Federal Reserve chair as Kevin Warsh emerges as the leading candidate

President Donald Trump donald trumpannounced on Thursday that he intends to name his pick for the next chairman of the Federal Reserve to replace Jerome Powell jerome powell. Speaking at the Kennedy Center in response to a question from Reuters, Donald Trumpstated he would announce the choice for the central bank of the US US"tomorrow morning." The announcement follows a months-long search during which the administration has sought to exert greater influence over national monetary policy.

Bloomberg News reported that the White House is currently preparing to nominate former Federal Reserve Governor Kevin Warsh kevin warsh, citing people familiar with the matter. Kevin Warshreportedly visited the White House for a meeting with Donald Trumpon Thursday, with one source familiar with the discussion noting that the former governor impressed the president. However, a second source briefed on the discussion cautioned that nothing was final until Donald Trumpformally announces his pick.