President said he plans to announce new Federal Reserve chair choice Friday, after criticizing incumbent Jerome Powell for not cutting interest rates more aggressively.

President Donald Trump said he would announce his nominee to chair the Federal Reserve “next week,” and reiterated his expectation that the central bank’s new leader will lower interest rates.

U.S. President ​Donald Trump ‌said he will announce ‌his pick to ​replace Federal Reserve ‍Chair Jerome Powell on ⁠Friday ‍morning.

The DXY dollar index was higher, and Trump’s nomination of Kevin Warsh as Fed Chair should reduce the risk of a deep extended fall in the currency, Evercore ISI said.

President Donald Trump has badgered Federal Reserve Chair Jerome Powell ceaselessly — and unsuccessfully — for aggressive interest rate cuts despite the fact that US inflation is still overshooting the central bank’s target.

President Trump says he will announce his nominee for Federal Reserve chair Friday morning, as he presses the central bank to cut interest rates.

The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year

The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year. The central bank said in a statement that there are signs the job market has stabilized while it also said growth was “solid,