Trump says he will announce a replacement for Powell as Fed chair Friday morning
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U.S. President Donald Trump announced he will reveal his choice for the new Federal Reserve chair on Friday morning. The selection process began in September, narrowing down from 11 candidates to four finalists: Kevin Warsh, Kevin Hassett, Christopher Waller, and Rick Rieder. Prediction markets currently favor Warsh as the leading candidate. White House officials have urged caution regarding speculation on the nomination process, while Jerome Powell has not confirmed his plans post-term expiration in May.
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