Donald Trump has decided. He is to take a key position for the US economy and the entire world
On Thursday evening, Trump announced that The name of the new Fed chairman will be revealed “tomorrow morning.”
The president emphasized that the candidate enjoys great recognition in the financial community and is a well-known person in this industry. “Many people think this is someone who could have taken this position a few years ago,” Trump added, without revealing details.
Kevin Warsh tops the list of candidates
Kevin Warsh, who previously served on the Federal Reserve's board, is now being replaced as the main candidate for the position of chairman. His nomination would be a significant step towards setting a new direction for monetary policy in the United States.
Even though Warsh appears to be the favorite, sources point out that Donald Trump has changed his preferences regarding the choice of Fed chairman several times in recent weeks. The final decision may therefore change before it is officially announced.
The White House is silent
The White House did not respond to requests for comment on this matter. Selecting the chairman of the Federal Reserve is one of the president's key responsibilities because the person holding this position has a huge influence on shaping monetary policy in the US and the stability of global financial markets.
Trump's decision is expected to be announced in the coming hours, ending speculation about who will take one of the most important positions in the global economy.
