U.S. President Donald Trump's team is reviewing new contenders to lead the Federal Reserve once Chair Jerome Powell's term ends in May, including a longtime economic consultant and a past regional Fed president,

President Donald Trump's economic advisers have expanded the pool of potential successors to Federal Reserve Chair Jerome Powell, according to [a Wall Street Journal report](

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.