Market reaction to nomination rumors

President Donald Trump said he will make his pick to take over as the next chair of the Federal Reserve on Friday. The announcement will end months of speculation and intrigue over who Trump wants to lead the central bank — an institution that he has attempted to exert unprecedented pressure on since he returned to office. The shortlist was narrowed down to four names under consideration — but Trump dropped a big hint about his choice on Thursday night. Playbook’s Adam Wren and White House reporter Megan Messerly dig into the dynamics surrounding the decision.