The ultimate suspense is about to be revealed! Trump suddenly changes plans and announces that the nominee for the Federal Reserve chairman will be unveiled on Friday morning.

US President Trump said that he will announce his nomination for the Federal Reserve Chairman on Friday morning local time. This means that the months-long selection process is coming to an end, which has sparked widespread speculation globally on the future direction of the most influential central bank. At an event in Washington on Thursday evening, when asked when he would announce his nomination for the Federal Reserve Chairman, Trump responded, "Tomorrow morning." It is reported that Trump's final list of candidates includes four candidates: National Economic Council Director Kevin Hassett, Federal Reserve Board of Governors member Christopher Waller, former Federal Reserve Board member Kevin Warsh, and BlackRock executive Rick Riedel. The nomination selection process is led by Treasury Secretary Mnuchin. While Trump did not reveal specific names during the lead-up to this appointment, he said the nominee "will not be too surprising" and is known in the financial world. He added, "Many people believe that this person should have been nominated years ago." Just a few hours ago, Trump announced his plan to announce the nominee next week, reiterating his hopes for the next chairman to actively lower interest rates. The Federal Reserve announced on Wednesday that it would keep the benchmark interest rate unchanged, a decision that displeased Trump. For months, Trump and his allies have been pressuring the Federal Reserve and its current chairman Powell. The US Department of Justice has even launched an investigation into the renovations at the Federal Reserve headquarters. This move has also been criticized as weakening the Federal Reserve's ability to set interest rate policies independently of political pressure. Earlier on Thursday, Trump said, "We pay a high cost for the Federal Reserve's interest rates. The United States should have the lowest interest rates in the world, and the current rate should be lowered by at least 2 percentage points, even 3 points." However, no matter who Trump ultimately selects, the confirmation process for the nominee for Federal Reserve Chairman in the Senate is likely to be a bumpy ride. Senator Tom Tillis, a member of the Senate Banking Committee and a Republican, has explicitly stated that he will veto all nominations related to the Federal Reserve until the dust settles on the Department of Justice's investigation. The Federal Reserve chose to stay put on Wednesday, despite lowering interest rates three times in the last few months of 2025. Federal Reserve officials said in a statement that signs of stabilization in the labor market and a high level of inflation were the main reasons for the pause in rate cuts. During a subsequent press conference, Powell refused to comment on the Department of Justice's investigation. He also expressed confidence that the Federal Reserve will not lose its policy independence and gave advice to his successor. He cautioned, "Do not get involved in election politics, absolutely do not."