Sources: Trump finalized Warsh as the next Federal Reserve Chairman after a meeting and phone call.

 according to sources, on Thursday local time, after meeting with former Federal Reserve Board member and Stanford University professor Wash, U.S. President Trump called Wash again to ask if he was willing to accept the position — and he ultimately accepted. It is reported that BlackRock executive Rick Rieder was previously a leading candidate for the next Federal Reserve chairman, but according to people close to him, Rieder was informed on Thursday that he would not receive the appointment.