Washington ¨C U.S. President Donald Trump is set to announce his pick to chair the Federal Reserve on Friday morning, setting up a key shift in the central bank¡¯s leadership.
Powell¡¯s chairmanship ends in May, and the next chief will need to establish credibility despite political pressure, while walking a policy tightrope between curbing stubborn inflation and supporting a weakened jobs market.
The frontrunners for the job are former Fed official Kevin Warsh, Fed governor Christopher Waller, Rick Rieder of BlackRock and Trump¡¯s chief economic adviser Kevin Hassett.
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