Wall Street Journal (gated) report:

• Trump has floated selecting financier Kevin Warsh as his Treasury secretary with the understanding that he could later be nominated to lead the Federal Reserve when Jerome Powell’s term as chair ends in 2026, according to people familiar with the matter.
• Trump was still weighing how he would approach the Fed vacancy and likely wouldn’t make a final decision until closer to when Powell’s term as chair ends in May 2026.

This article was written by Eamonn Sheridan at www.forexlive.com.