US journalist Rachael Bade posts on X "Trump met 2day with his two finalists for Fed Reserve chair -- and is leaning toward KEVIN WARSH to replace Jerome Powell, I'm told"

"Nothing is official I'm told. But 1 source close to Trump says Warsh basically has the wink & the nod."

 "KEVIN HASSETT is out. RICK RIEDER was also at the WH today & is the other finalist."

The potential nomination of Kevin Warsh to replace Jerome Powell could signal a shift in Fed policy direction, particularly given Warsh's historical hawkish stance. This news may raise questions about the future trajectory of interest rates, impacting the USD and market sentiment broadly as traders position for possible changes in monetary policy. While the news is preliminary, it reflects ongoing dynamics within the administration and their influence on central banking decisions.