Trump's Fed Chair Replacement: A Political Shift

President Trump expresses frustration with Federal Reserve Chairman Jerome Powell, calling him a fool and a stupid man, and hinting at replacing him. The tension stems from Powells reluctance to lower interest rates, and Trump might use the recent controversy over the Fed headquarters renovation as leverage. Powells term ends in May 2026, but Trump is expected to announce his preferred replacement by the end of this year, with a shortlist of five potential candidates, including Fed Vice Chair Michelle Bowman, Fed board member Christopher Waller, former Fed board member Kevin Warsh, White House National Economic Council Director Kevin Hassett, and BlackRocks Fixed Income Chief Investment Officer Rick Rieder. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.