President Trump said Sunday he's decided who he'll nominate to be the next Federal Reserve chair, but he wouldn't be drawn on whether the pick is National Economic Council director Kevin Hassett.

The big picture: Current Fed Chair Jerome Powell has faced months of complaints and demands from Trump to lower interest rates and his term is due to expire in May.

What he's saying: "I know who I am going to pick, yeah. We'll be announcing it," Trump told reporters aboard Air Force One while traveling from Florida to Joint Base Andrews. • Asked whether Hassett is his pick for Fed chair, Trump smiled and said: "I'm not telling you, we'll be announcing it."

Zoom out: Hassett played down reports suggesting he's a front-runner to lead the Fed during interviews on Sunday, telling both CBS and Fox

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