US president picks BLS veteran after withdrawing earlier pick viewed as more controversial

US president says he will announce nominee to replace Jay Powell on Friday morning

Trump’s choice of chair will shift from Powell’s data-dependent approach to policy

The implications of Trump’s choice for markets and economies

US president picks BLS veteran after withdrawing earlier pick viewed as more controversial

Long-term yields ticked up after president nominated former governor to lead US central bank

Matsumoto's nomination requires confirmation by the Senate.