President Donald Trump says he has chosen the next chair of the Federal Reserve, but he is not yet naming names publicly.

Current National Economic Council director Kevin Hassett is widely expected to be the nominee, said Axios . Trump is not saying. “I’m not telling you, we’ll be announcing it,” he said to reporters. The next chair will replace Jerome Powell, who has “faced months of complaints and demands” from Trump to bring interest rates down more quickly, said Axios.

Powell’s term does not end until May, so he may have to spend the final months of his term with a “shadow chair” peering over his shoulder, said Fortune . Trump officials have signaled their desire to undercut Powell even if he remains in his position. With a shadow chair in place, “no one is really going t

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