Trump States Outcry Over Powell Investigation Won’t Postpone Fed Nomination

Trump to Announce Federal Reserve Chair Nominee Soon

President Donald Trump revealed that he intends to name his pick to succeed Federal Reserve Chair Jerome Powell in the coming weeks. This announcement comes amid controversy surrounding a Justice Department investigation into renovations at the central bank’s headquarters, which has cast doubt on the confirmation process. While touring a factory in Michigan, Trump confirmed his commitment to moving forward with the nomination, even as prominent Republican senators voiced reservations. He also took aim at Senator Thom Tillis of North Carolina, a key member of the Senate Banking Committee who is set to retire and whose vote could prove pivotal.