Trump may announce the new Federal Reserve Chair nominee during the FOMC

According to Jinshi News, U.S. President Trump stated in a speech in Iowa: "I will soon announce the nominee for the Federal Reserve Chairman."

Market analyst Ghiles Guezout pointed out that this announcement could come as early as today. Trump has made a decision regarding Powell's successor.

Financial website Investinglive analyst Eamonn Sheridan believes that Trump may announce this nominee during the Federal Reserve's January policy meeting to influence the direction of policy. The Federal Reserve FOMC will announce the interest rate decision at 03:00 Beijing time on Thursday.