President Trump leaning toward Powell as next Fed chair: sources
WASHINGTON (Reuters) - President Donald Trump is leaning toward nominating Federal Reserve Governor Jerome Powell to be the next head of the U.S. central bank  two sources familiar with the matter said on Friday.
The sources cautioned that while Powell had emerged as the leading candidate from a short list of five   Trump  had not made a final decision and could always change his mind.
“I will be announcing it sometime next week ”  Trump  said in a video statement on Instagram. “It will be a person who hopefully will do a fantastic job. I have someone very specific in mind and I think everyone will be very impressed.”
 Trump  has said  he  has been considering Powell  as well as Stanford University economist John Taylor  for the post.  He  also has said  he  has not ruled out renominating current Fed Chair Janet Yellen  whose term expires in February.
 He  is expected to announce  his  pick  which would need to win Senate approval  before  he  departs on a trip to Asia on Nov. 3.
 Trump  had been working from a short list of five candidates that included  his  top economic adviser  Gary Cohn  and former Fed Governor Kevin Warsh.
A senior administration official said on Wednesday that  Trump  was unlikely to nominate Cohn given the importance of his role in helping to lead efforts to enact tax reform legislation currently being debated in Congress.
 Trump  has also privately voiced a desire to put  his  own stamp on the central bank  which has dimmed the prospect of  him  giving a new term to Yellen  another source said.
In an interview with Fox Business Network last Friday   Trump  indicated  he  could nominate both Powell and Taylor for top jobs at the central bank. A vice chair post is currently open.
WASHINGTON (Reuters) - [TGT] is leaning toward nominating Federal Reserve Governor Jerome Powell to be the next head of the U.S. central bank  two sources familiar with the matter said on Friday.
The sources cautioned that while Powell had emerged as the leading candidate from a short list of five   [TGT]had not made a final decision and could always change [TGT] mind.
“I will be announcing it sometime next week ”  [TGT]said in a video statement on Instagram. “It will be a person who hopefully will do a fantastic job. I have someone very specific in mind and I think everyone will be very impressed.”
 [TGT]has said  [TGT]  has been considering Powell  as well as Stanford University economist John Taylor  for the post.  [TGT]  also has said  [TGT]  has not ruled out renominating current Fed Chair Janet Yellen  whose term expires in February.
 [TGT]  is expected to announce  [TGT]  pick  which would need to win Senate approval  before  [TGT]  departs on a trip to Asia on Nov. 3.
 [TGT]had been working from a short list of five candidates that included  [TGT]  top economic adviser  Gary Cohn  and former Fed Governor Kevin Warsh.
A senior administration official said on Wednesday that  [TGT]was unlikely to nominate Cohn given the importance of his role in helping to lead efforts to enact tax reform legislation currently being debated in Congress.
 [TGT]has also privately voiced a desire to put  [TGT]  own stamp on the central bank  which has dimmed the prospect of  [TGT]  giving a new term to Yellen  another source said.
In an interview with Fox Business Network last Friday   [TGT]indicated  [TGT]  could nominate both Powell and Taylor for top jobs at the central bank. A vice chair post is currently open.