Trump leaning towards Powell for Fed Chair - report

• Bloomberg cites three people familiar with Trump'
• Decision isn't yet final
• Trump's advisers have been steering him toward choosing either Powell or Taylor for the job, according to several people familiar with the deliberations

Full report.

The report is weighing on the US dollar and pulling down yields. The market had been leaning towards Taylor since the middle of this week when there were reports he won a straw poll among Senators.
Stocks and bonds are going to like this news, while the dollar has come under pressure.