President Trump Considers Replacing Fed Chair Powell - Articles

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Posted by: Jarod Word on Jun 25, 2025

President Donald Trump yesterday said he is considering replacing Federal Reserve Chair Jerome Powell and he is down to three or four candidates for the job. Powell has faced pressure from the administration to cut interest rates at least two to three points, which he has refused to do without more knowledge on how recently imposed tariffs will affect inflation and the U.S. economy. Former Federal Reserve Gov. Kevin Warsh and Treasury Secretary Scott Bessent reportedly are being considered for the job. Powell has said he intends to serve out his term as chair, which ends in May 2026. Yahoo Finance has more.