Trump to unveil new Fed chair nominee amid push for faster rate cuts
TL;DR
President Trump says he will announce his nominee for Federal Reserve chair Friday morning, signaling a push for a faster pace of interest-rate cuts. Reported frontrunners include Kevin Hassett and Kevin Warsh, though no nominee has been named yet. The move comes as Trump has clashed with Fed Chair Jerome Powell over rate cuts, and as Powell faces DOJ subpoenas tied to a renovation project, potentially complicating Senate confirmation.
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- Live updates: Trump says he'll announce his Federal Reserve pick Friday morning NBC News
- Trump Says He’ll Announce Fed Chair Pick on Friday Morning Bloomberg
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