President Trump announced he has narrowed down his list to “three or four” candidates to replace Federal Reserve Chair Jerome Powell when his term expires in May 2026.
Speaking at a NATO summit press conference, Trump called Powell “terrible” and expressed eagerness for his departure.
Despite previous speculation about firing Powell early, Trump has stated he has “no intention” of doing so, though he continues to hint at the possibility.
The two remain at odds over interest rate policy, with Powell recently suggesting rates will stay steady to combat potential inflation from Trump’s tariffs.