Stocks looked set to rise on Thursday after The Wall Street Journal reported that President Donald Trump was considering naming the next chief of the Federal Reserve in September or October, which fueled bets that the central bank would cut interest rates sooner than expected. Trump has mulled accelerating when he will name his pick to succeed Fed Chair Jerome Powell, according to the Journal, which cited people familiar with the matter. Trump has attacked Powell in recent months for not cutting interest rates, but the central banker’s term runs for another 11 months.
