President Trump said he would announce later this week his pick to fill an unexpected vacancy on the Federal Reserve’s board and that he was leaning toward a short-term appointment rather than nominating someone who could next year succeed Fed Chair Jerome Powell.

U.S. President Donald Trump said on Wednesday he would likely in the next two to three days nominate a candidate, out of a short-list of three, to serve the remaining months of a soon-to-be-vacant position on the Federal Reserve's Board of Governors,