President Donald Trump’s advisers are reportedly urging him to appoint a temporary Federal Reserve governor to fill an upcoming vacancy on the central bank’s board, so that he has more time to decide on a potential successor to Fed Chair Jerome Powell.

President Donald Trump is actively seeking a new leader for the Federal Reserve, aiming for someone more aligned with his economic policies. With Jerome Powell's term nearing its end, Trump has shortlisted candidates who could potentially steer the Fed towards lower interest rates,

President Donald Trump’s relentless calls for dramatic reductions in interest rates, along with his ability to make changes to the Federal Reserve’s leadership, is drawing more attention to the way monetary policy decisions are made — and the people who make them.

The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993.

The Federal Reserve is expected to leave interest rates unchanged on Wednesday, six days after President Donald Trump again demanded that the U.S. central bank cut borrowing costs during a rare presidential visit to its headquarters in Washington.