Trump Has Decided Who He Will Choose to Lead The Federal Reserve

Katie Pavlich | October 27, 2017 5:55 PM

President Trump announced late Friday afternoon he has made a decision about who he will choose to lead the Federal Reserve.

In a video message posted on Instagram, Trump didn't name who he will appoint, but said it will be a person who "will hopefully do a fantastic job."

"I have someone very specific in mind," Trump said. "I think everyone will be very impressed."

The President also encouraged Americans to look for jobs as the economy continues to improve.

Big announcement next week! Together, we will MAKE AMERICA GREAT AGAIN! #USA
A post shared by President Donald J. Trump (@realdonaldtrump) on Oct 27, 2017 at 1:42pm PDT

Currently the Federal Reserve is led by Chairwoman Janet Yellen, who was appointed by President Obama in 2014. Her term ends in early 2018.

Trump could choose to keep Yellen, but National Economic Council head Gary Cohn, Fed board of governors member Jerome Powell and Stanford University economist John Taylor were reportedly on the President's short list.