President Donald Trump plans to announce his choice for the next Fed chairman on Thursday, the day before he departs for a trip to Asia, a White House official said.The president is leaning toward picking Federal Reserve Governor Jerome Powell to lead the U.S. central bank, according to three people familiar with the the matter. Other candidates on his shortlist include current Fed Chair Janet Yellen, Stanford University economist John Taylor, former Fed governor Kevin Warsh and National Economic Council Director Gary Cohn.Trump teased the announcement Friday by tweeting out a video promoting the event to his 41 million Twitter followers.
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