- President Donald Trump stated in a recent interview that he has decided on his nominee for the next Federal Reserve chair, with an announcement expected in the coming weeks.
- The current Fed Chair, Jerome Powell, is set to complete his term in May 2026, though his term on the Board of Governors extends until 2028.
- Potential candidates reportedly include Kevin A. Hassett, Trump's top economic adviser, and Kevin Warsh, a former Fed Governor.
- Trump has publicly pressured the Federal Reserve to aggressively cut interest rates, stating his pick must support lower borrowing costs.
- Some current Fed officials remain confident that the next chair will uphold the central bank's mission of maintaining stable inflation and a healthy labor market, despite political pressure.
Trump says he has made up his mind on his Federal Reserve chair pick
Jan 15, 2026, 6:43:54 PM UTC(4 hours ago)
Impact: Medium
Affected Assets
Sources
From:@DeItaone
WHITE HOUSE: TRUMP WILL MAKE DEICSION ON FED CHAIR IN NEXT COUPLE OF WEEKS
