US Edition
Trump Says He’ll Pick a Fed Chair Who Wants to Cut Rates
- The White House clarified no decision is imminent on naming Powell's successor amid reports of a possible announcement this summer.
- That followed Wall Street Journal reports indicating Trump considered unveiling Powell’s replacement by September or October, with Trump saying he would decide 'very soon' earlier this month.
- Trump has publicly pressured the Fed to appoint someone willing to cut rates, with the benchmark at 4.25–4.50%, claiming it could save over $600 billion annually.
- Trump's calls for Powell's resignation spooked markets, causing interest rate spikes amid fears over Fed independence.
- Longer-Term, Powell's term ends in May 2026, with nominations possible between October and November, and a 'shadow Fed chair' scenario risking early market influence.
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Trump eyes Fed vacancy in early 2026 to appoint Powell successor: Bessent
The Trump administration is considering using the next expected Federal Reserve Board of Governors vacancy in early 2026 for appointing a successor to central bank Chair Jerome Powell, Treasury Secretary Scott Bessent said Monday.
·New York, United States
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Donald Trump Calls Fed Chair Jerome Powell A 'Bad Person' Who Keeps Rates 'Artificially High,' Says Benchmark Should Drop By Half
President Donald Trump escalated his war of words with Federal Reserve Chair Jerome Powell on Sunday, accusing him of keeping interest rates “artificially high” and insisting the benchmark should drop to "1% or 2%”, half of what it is now. What Happened: Appearing on Fox News' "Sunday Morning Futures," Trump called Powell a "stupid person" and “a bad person,” claiming the Fed chief's policies force the government to refinance roughly $9 trillion…
·New York, United States
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5 people Trump could pick to replace Powell at Federal Reserve
·Washington, United States
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Coverage Details
Total News Sources64
Leaning Left8Leaning Right12Center9Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 28%
C 31%
R 41%
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