President Donald Trump said in a prime-time address on Wednesday that he will “soon” announce his pick for the next chairman of the Federal Reserve — describing the nominee as “someone who believes in lower interest rates by a lot.” The comments signal the White House’s intent to install a Fed leader more sympathetic to rapid monetary easing, a move that could sharpen debates over the central bank’s independence.
What the president said? 
Speaking from the White House Diplomatic Reception Room, Trump told viewers he would “soon announce our next chairman of the Federal Reserve, someone who believes in lower interest rates by a lot. And mortgage payments will be coming down,” tying lower policy rates to his broader plan to ease borrowing costs.
Trump has previously said he would announce a nominee “early next year,” but Wednesday’s remarks suggested the administration is moving closer to a decision.