Trump to announce Fed chair next week

ANI | Updated: Oct 28, 2017 06:09 IST

Washington D.C., [USA], Oct. 28 (ANI): United States President Donald Trump on Friday confirmed that he will announce his choice for chairman of the Federal Reserve next week, signaling the end of a months-long selection process to determine the nation's next top central banker.

Confirming the news through an Instagram video, Trump said that he has a "specific person" in mind for the post.

Big announcement next week! Together, we will MAKE AMERICA GREAT AGAIN! #USA

A post shared by President Donald J. Trump (@realdonaldtrump) on

Reportedly, the president recently narrowed the pool of candidates down to three- Jerome Powell, a current governor of the Federal Reserve; John Taylor, a Stanford University economist widely viewed as the most conservative of Trump's top candidates; and Janet Yellen, the current Fed Chair, whose term expires in February, 2018. (ANI)