President Donald Trump has set off a fresh round of worrying about his approach toward the Federal Reserve with his statement that his pick for the next Fed chair is “coming out very soon.”

President Donald Trump called Federal Reserve Chair Jerome Powell a “numbskull” for refusing the president’s requests that he drop interest rates. Trump, who has often clashed with Powell during his second term,

Trump pressures Fed Chair Powell for major rate cuts, citing savings, and signals possible replacement amid growing tensions.

By Yuka Obayashi and Noriyuki Hirata TOKYO (Reuters) -Nippon Steel shares rose on Monday after U.S. President Donald Trump approved its $14.9 billion bid for U.S. Steel, clearing a key hurdle in its 18-month pursuit and securing access to a vital market for its growth strategy.

Nippon Steel Corp. won conditional US approval for its $14.1 billion purchase of United States Steel Corp., capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.

President Donald Trump issued an executive order on Friday officially giving the green light to Nippon Steel Corporation's multi-billion-dollar purchase of U.S. Steel Corporation.