Speculation is intensifying over US President Donald Trump’s nomination of the next Chair of the Federal Reserve (Fed), an announcement that could come as early as Wednesday, while the Federal Open Market Committee (FOMC) is also holding its monetary policy meeting. According to several press reports published in recent weeks, the US president says he has “already” made up his mind about the successor to the current Fed Chair Jerome Powell, whose term ends in May. This sequence adds to uncertainty, as it coincides with a Fed meeting widely expected to result in no change in interest rates, shifting market focus ... (full story)