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Aides will send a short list of candidates to President Donald Trump soon.

Declining consumer confidence and home sales back Powell's assessment that uncertainties are rising.

The spending plan for fiscal 2020 includes $446.7 million in borrowing for transportation projects in Florida.

While leaders Powell and Clarida see a growing case for accommodation, Kashkari, Bullard say the need for a rate cut is already here.

The markets are pricing in a 25 basis point Fed rate cut in July, as Thursday’s indicators showed continued manufacturing weakness.

President Trump has told confidants as recently as Wednesday that he believes he has the authority to replace Jerome Powell as chairman of the Federal Reserve Board, according to people familiar with the matter.

While the statement said the panel will “act as appropriate,” the dot plot showed as many expect a cut as foresee no change.

A proposal to establish such a fund, as opposed to the current mechanism for reserves, is headed for the November ballot.

While the markets are pricing in two or three interest rate cuts this year, doubters remain.

Former Fed Vice Chairman Stanley Fischer predicted President Trump won’t renominate Jerome Powell as central bank chair, undercutting the Fed’s autonomy.