Federal Reserve Governor Christopher Waller is emerging as a top candidate to be the central bank's next chair, Bloomberg News reported on Thursday, citing people familiar with the matter.

Federal Reserve Governor Christopher Waller is emerging as a top candidate to serve as the central bank’s chair among President Donald Trump’s advisers as they look for a replacement for Jerome Powell,

Federal Reserve Governor Christopher Waller, who was appointed by President Trump during his first term, has reportedly emerged as the top contender to succeed embattled Fed Chair Jerome Powell.

The U.S. dollar rose on Thursday after Bloomberg News reported Federal Reserve Governor Christopher Waller is emerging as a top candidate to serve as the central bank's chair among President Donald Trump's team.

Innovator Capital Management chief investment strategist Tim Urbanowicz joins Market Domination with Yahoo Finance Markets Reporter Josh Schafer to discuss the future of inflation and interest rates,

U.S. stocks reverse most early gains. Fed's Waller reportedly is a top pick to replace Powell as Fed chair. Investors also eye tariffs and earnings.

The dollar index (DXY00) on Thursday rose by +0.23%. The dollar recovered from a 1.5-week low today and turned higher on reports that President Trump was seen as favoring Fed Governor Waller to be the new Fed Chair.

The Bloomberg News report comes in the wake of Trump's repeated criticism of current Chair Jerome Powell for not cutting borrowing costs that has raised uncertainty over the Fed's independence. Powell's tenure is set to end in May.