Stock Index Futures Slip as Next Fed Chair Nomination Looms

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March S&P 500 E-Mini futures (ESH26) are down -0.63%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.73% this morning as investors brace for the expected announcement of U.S. President Donald Trump’s pick to lead the Federal Reserve. Bloomberg reported on Friday that the Trump administration is preparing for the president to nominate Kevin Warsh as the next Fed chair, a choice investors view as less favorable to deep interest rate cuts. The report also noted that the former Fed governor visited the White House on Thursday. President Trump said on Thursday that he plans to announce his pick…