The National Economic Council Director said "a thorough search process" is underway as Jerome Powell's term is set to expire in May next year.
Although Fed is expected to cut rates soon, the outlook remains uncertain.
Fed hints at cuts ahead but the economy will determine the extent.
Fidelity, T. Rowe Price among those expecting outperformance.
Brokerage started with a $200K loan, Franklin Templeton bought it for $4.5B.
Selloff in big tech has halted US stocks’ record-breaking rally.
Market shows about a 70% chance of a quarter-point cut in September.
Chicago Fed president says September’s meeting is very much ‘live’.
Nvidia gains but Magnificent Seven peers were mixed early Thursday.
History suggests current conditions present an opportunity for investors.
