FED WATCH: Trump set to announce chairman pick this morning

Federal Reserve Chairman Announcement - President Trump is expected to announce his choice for the chairman of the Federal Reserve, likely Kevin Worsh, who previously met with the president [1][2] - Worsh is recognized in the financial world and was considered for the position during Trump's first term before Jay Powell was appointed [3] Economic Outlook and Federal Reserve Policy - Worsh has expressed concerns about the current Federal Reserve's policies, suggesting that the balance sheet is too large and interest rates are too high, advocating for a reduction in both [5][7] - He believes the Fed has lost its way in terms of supervision and monetary policy, indicating a need for a shift in focus to benefit the entire economy, not just Wall Street [6][8] Growth Projections - Economic growth is projected to be strong, with expectations of 4-5% growth in the upcoming quarters, indicating a positive outlook for the economy [10][11] Venezuela Airspace Reopening - The U.S. plans to reopen Venezuelan airspace, allowing American citizens to travel safely to Venezuela, which has been restricted since 2019 [12][13] - This move is seen as a step towards improving the quality of life and economic conditions in Venezuela [14][15] Oil Market Impact - The influx of new oil on the market is expected to exert downward pressure on oil prices, leading to lower prices across the economy, contributing to disinflationary trends [16]