Trump Leans Toward Powell for Fed With Announcement Next Week
- Dims Yellen’s chances for reappointment to lead central bank
- Decision not yet final and Trump could still change his mind
Trump Is Said to Lean Toward Powell as Fed Chair
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President Donald Trump stoked the sense of drama surrounding his choice for the next Fed chairman Friday as he tweeted out a video teasing an announcement he said would come next week.
The president is leaning toward appointing Federal Reserve Governor Jerome Powell to be the next chairman of the Fed, according to three people familiar with the matter.