Trump said he probably wouldn't announce his nominee for next Fed Chair until the end of the year, noting it's still early to make that decision.
The Fed is starting its two-day policy meeting on Tuesday and it's expected to leave its benchmark interest rates unchanged after conclusion of the meeting.
The Fed last month raised the benchmark interest rates for the fourth time since December 2017 and unveiled a plan to trim its massive balance sheet later this year.
Most economists expect the central bank to begin shrinking its balance sheet in September, with a further rate hike in December, according to the latest survey conducted by the Wall Street Journal.
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