Federal Reserve Chair Jerome Powell at a news conference in Washington, DC, on September 17. Kent Nishimura/Bloomberg/Getty Images Washington —

President Donald Trump said he has decided who will become the most powerful figure in the US economy.

The president on Sunday said he made up his mind and will be making an announcement. The looming nomination caps a months-long search process led by Treasury Secretary Scott Bessent, who provided Trump with a short list of five people.

Few people wield as much influence over financial markets and the global economy as the head of the US central bank. A few words from the Fed chair can move markets and shift billions of dollars. It’s a role so consequential that Trump has even mused about taking it for himself.

Trump has made no secret o

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