Jan. 30 (UPI) -- President Donald Trump said he will name his pick for the new Federal Reserve chair on Friday, following months of a very public pressure campaign to force its present chief, Jerome Powell, to lower interest rates.
Asked about his potential Fed chair pick by reporters Thursday night from the red carpet for the premiere of Melania, a documentary about his wife, Melania Trump, the president said, "I'll be announcing that tomorrow."
Trump wouldn't go into details about how he decided, other than to say his choice is "an outstanding person and 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," he said. "It's going to be somebody that is very respected, somebody that's known to everybody in the financial world, and I think it's going to be a very good choice."
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