No Decision Imminent on Next Fed Chair, White House Says

The White House said Donald Trump’s decision on a successor for Federal Reserve Chair Jerome Powell is not near, after the Wall Street Journal reported the president could make a pick as soon as the summer.

No decisions are imminent, although the president has the right to change his mind, a White House official said on Thursday. Trump has many good options to nominate as the next central bank chief, according to the official.

The dollar fell and US Treasuries rallied after the paper reported that Trump has considered naming Powell’s replacement by September or October, citing anonymous sources. ...