Trump: Three or four candidates are being considered for the next Federal Reserve chair
2025-06-25 15:55:26
Trump called Federal Reserve Chairperson Jerome Powell "terrible" and said he knew of three or four people who were contenders to be the next chairperson of the Federal Reserve. Asked if he was interviewing candidates to replace Powell, Trump told reporters: "I know who I would pick out of three or four people." The main contenders reportedly include former Fed governor Kevin Walsh, director of the National Economic Council Hassett, current Fed governor Waller and Treasury secretary Bescent. Trump has repeatedly criticised Powell for not cutting interest rates and has floated the idea of firing him or naming a successor as soon as possible, although he has often backed down from those threats. Some analysts see this as an effort by Mr. Trump to influence monetary policy through the "shadow Fed chair" before Mr. Powell leaves office in May 2026.
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