#FedShakeup Incoming

President **Donald Trump says he will announce his pick to replace Federal Reserve Chair Jerome Powell on Friday morning. This marks the end of weeks of speculation about the leadership of the U.S. central bank.

💼 What’s Happening:

• Trump confirmed he knows his choice and will unveil it Friday.

• Kevin Warsh, former Fed governor, is widely seen as the front-runner to take over.

• The move comes amid ongoing debate over interest rates and central bank independence.

📉 Market Implications:

Replacing the Fed chair — even before Powell’s term officially ends — is a major event and could impact monetary policy expectations, interest rate outlooks, and risk assets like stocks and crypto.