WASHINGTON: President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the ​nod will go to former Fed governor Kevin Warsh. "I'll be announcing the Fed chair tomorrow morning," Trump said at the Kennedy Center on Thursday, in response to a question from Reuters. Bloomberg News later reported that ⁠the White House is preparing for Trump to nominate Warsh as the next Fed chair, citing people familiar with the matter. A second source, briefed on the discussion, said the former Fed governor impressed Trump, adding that nothing was final until Trump announced his pick. His escalating pressure ⁠on Powell and the Fed for cuts has given rise to the possibility that Powell might remain at the Fed beyond May to try to safeguard the Fed from further political pressure.