Sources: Trump will not make a decision on "shadow Fed chair" anytime soon
2025-06-26 20:59:50
According to foreign media reports, a source familiar with the White House deliberations said on Thursday that US President Donald Trump has not yet decided who will replace Federal Reserve Chairperson Powell and will not make a decision soon. The source played down the speed of Trump's possible move. Earlier, the Wall Street Journal reported that Trump was considering nominating Powell's successor in advance, hoping that the person would have immediate influence to persuade the Federal Reserve to cut interest rates as requested by the president. Chicago Federal Reserve President Goulsby said the appointment of a "shadow" chairperson would not have any impact.
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