Federal Reserve Chair pick to come Thursday

President Donald Trump plans to announce his choice for the next Fed chairperson on Thursday, the day before he departs for a trip to Asia, a White House official said.

The president is leaning toward picking Federal Reserve Gov. Jerome Powell to lead the U.S. central bank, according to three people familiar with the matter.

Other candidates on his shortlist include current Fed Chairwoman Janet Yellen, Stanford University economist John Taylor, former Fed governor Kevin Warsh and National Economic Council Director Gary Cohn.

Trump teased the announcement Friday by tweeting out a video promoting the event.

White House Press Secretary Sarah Sanders had said last week Trump would make the announcement before he departs for Hawaii and Asia on Friday.

The schedule means the announcement would come after the conclusion of Fed officials' second-to-last monetary policy meeting of the year. The central bank's Federal Open Market Committee is scheduled to meet on Tuesday and Wednesday of this week.