Summary
- U.S. President Donald Trump said he will make the nomination for the Federal Reserve (Fed) chair within the next few weeks.
- The remarks came amid recent conflict with the Fed over interest-rate policy and public criticism of current Chair Jerome Powell.
- Markets are watching the next Fed chair nomination as a factor that could have a significant impact on the direction of U.S. monetary policy and financial market volatility.
U.S. President Donald Trump said the nomination of the Federal Reserve (Fed) chair will take place within the next few weeks.
According to the economic breaking-news account Walter Bloomberg on the 13th (local time), Trump said, “I will nominate the Fed chair within the next few weeks,” signaling that the selection of the next head of monetary policy is imminent.
The remarks come amid ongoing tensions with the Fed over interest-rate policy and continued public criticism of current Chair Jerome Powell.
Markets are watching the next Fed chair nomination as a factor that could have a significant impact on the direction of U.S. monetary policy and volatility in financial markets.
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