President Trump is set to announce his pick for the next Federal Reserve chair, with the announcement expected to take place on Friday morning. According to Trump, he will make the announcement in a press conference or possibly through a tweet, although it's unclear whether this will be a solo appearance or accompanied by other officials.
The news comes as current Fed Chair Jerome Powell is set to step down from his role in May. The Federal Reserve plays a critical role in setting interest rates and regulating the US economy, making the selection of its leader a significant event for policymakers and investors alike.
While details about Trump's pick are scarce at this point, the announcement has sparked speculation among economists and analysts, who will be watching closely to see how the new Fed chair will impact monetary policy and the broader economic landscape.
Trump's decision on Friday is expected to have far-reaching implications for markets and the global economy, so it will be interesting to see what he chooses.
The news comes as current Fed Chair Jerome Powell is set to step down from his role in May. The Federal Reserve plays a critical role in setting interest rates and regulating the US economy, making the selection of its leader a significant event for policymakers and investors alike.
While details about Trump's pick are scarce at this point, the announcement has sparked speculation among economists and analysts, who will be watching closely to see how the new Fed chair will impact monetary policy and the broader economic landscape.
Trump's decision on Friday is expected to have far-reaching implications for markets and the global economy, so it will be interesting to see what he chooses.