US President Donald Trump is expected to announce his choice for chair of the Federal Reserve board on Thursday, a White House official said on Monday, according to Bloomberg. The president is leaning toward picking Federal Reserve Governor Jerome Powell, according to three people familiar with the matter. Other candidates on his shortlist include current Fed Chair Janet Yellen, Stanford University economist John Taylor, former Fed governor Kevin Warsh and National Economic Council Director Gary Cohn. The Wall Street Journal and New York Times have taken the same line.

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