WASHINGTON: President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed Governor Kevin Warsh.
“I’ll be announcing the Fed chair tomorrow morning,” Trump said at the Kennedy Center on Thursday, in response to a question.
The pick is “a person that won’t be too surprising to people. A lot of people think that this is somebody that could have been there a few years ago. It’s going to be somebody that is very respected, somebody that’s known to everybody in the financial world.”
Bloomberg News later reported that the White House is preparing for Trump to nominate Warsh, citing people familiar with the matter.
Warsh went to the White House for a meeting with Trump on Thursday, according to one source familiar with the matter.
