Archive · 29 Oct 2025

Trump Administration Seeks New Federal Reserve Chief as Powell's Term Nears End

Trump Administration Seeks New Federal Reserve Chief as Powell's Term Nears End

The President of the United States is looking for a new leader for the country's central bank, called the Federal Reserve.

The current leader's job is ending soon.

The President has not been happy with how the current leader has been doing their job, especially with interest rates.

A team is looking at many people and has picked five finalists.

They hope to choose the new leader by December.

Some of the people being considered work at the Federal Reserve, some work for the government, and some work in finance.

This is an important decision because the Federal Reserve helps manage the country's economy.

Sources