President Donald Trump knows who he's going to select as the next Federal Reserve chair but isn't saying yet.

With Powell’s Fed term ending, Trump readies a new chair. Analysts eye Kevin Hassett and fear a “shadow chairman” could reshape U.S. monetary policy.

President Donald Trump knows who he's going to select as the next Federal Reserve chair but isn't saying yet.

Trump's top economic adviser is odds-on favourite to lead the Fed amid concerns over the central bank's independence.