President Donald Trump revealed he's picked Kevin Warsh, a former Federal Reserve Governor, to lead the central bank.
Since taking office, Donald Trump has been critical of Jerome Powell and encouraged him to lower interest rates.
Harbour Asset Management expert Shane Solly explained further.
LISTEN ABOVE

Mike Pearse: UK correspondent on Lord Mandelson resigning from Labour after Epstein documents revealed
05:12

Sam MacDonald: Christchurch City Councillor on the prospect of selling certain assets
03:54

The Huddle: Is Luxon at risk of of being outperformed by his lectern?
10:06