WASHINGTON — In a move that caught Wall Street and Washington by surprise, President Donald Trump announced Thursday evening that he will reveal his nominee for the next Chair of the Federal Reserve on Friday morning. “Tomorrow morning,” Trump told reporters when asked when his decision would be made public. The move comes just 24 hours after the Federal Reserve, under current Chair Jerome Powell, voted to pause its rate-cut cycle, leaving the benchmark federal funds rate in the 3.50% to 3.75% range. Christopher Waller Current Fed Governor A Trump appointee and hawk-turned-dove who dissented in favor of a rate cut at this week’s meeting. Kevin Hassett NEC Director A long-time Trump loyalist and economist, however, Trump has hinted he may prefer to keep him in the White House.