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Yellen, Warsh, Powell, and Cohn (from l to r) are top contenders. Photos: Dake Kang, Reed Saxon, Andrew Harnik, Evan Vucci / AP

President Trump and Treasury secretary Steven Mnuchin met with former Fed governor Kevin Warsh and Fed governor Jerome Powell this week, as he gets closer to choosing a Federal Reserve chair nominee, according to Bloomberg.

Trump told reporters he would be making a decision "over the next two or three weeks." In addition to meeting with Warsh and Powell, the president has met with current Fed chair Janet Yellen and White House economic adviser Gary Cohn.

Why it matters: "The selection is one of the most important facing Trump," Bloomberg reports, saying Warsh "might aggressively promote the administration's agenda to reduce financial regulation and raise interest rates faster."

Go deeper

Updated 52 mins ago - Politics & Policy

Senate action on stimulus bill continues as Dems reach deal on jobless aid

Photo: Alex Wong/Getty Images

Democratic leaders struck an agreement with Sen. Joe Manchin (D-W.V.) on emergency unemployment insurance late Friday, clearing the way for Senate action on President Biden's $1.9 trillion stimulus package to resume after an hours-long delay.

The state of play: The Senate will now work through votes on a series of amendments that are expected to last overnight into early Saturday morning.

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

Financial fallout from the Texas deep freeze

Illustration: Annelise Capossela/Axios

Texas has thawed out after an Arctic freeze last month threw the state into a power crisis. But the financial turmoil from power grid shock is just starting to take shape.

Why it matters: In total, electricity companies are billions of dollars short on the post-storm payments they now owe to the state's grid operator. There's no clear path for how they will pay — something being watched closely across the country as extreme weather events become more common.