Archive · 10 Dec 2025
Trump Hints at Fed Chair Replacement
President Trump said he might replace the head of the Federal Reserve, Jerome Powell, because he wants someone who will lower interest rates quickly.
Powell's term ends in 2026, but Trump might choose a new leader sooner.
The Federal Reserve is expected to lower interest rates by 25 basis points soon.
Trump has some people in mind for the job, like Kevin Hassett and some current Fed leaders.
The Fed will announce its decision after a meeting and Powell will talk to the media about the economy and future plans.
President Trump hinted at replacing Fed Chair Jerome Powell, citing dissatisfaction with his performance and desire for quicker interest rate cuts.
The Federal Reserve is expected to lower its benchmark interest rate by 25 basis points in an upcoming decision, with an 87% probability according to the CME FedWatch Tool.
Powell's term as Fed chair ends in May 2026, but Trump may announce a replacement sooner.
Potential candidates for the Fed chair position include Kevin Hassett, Christopher Waller, Michelle Bowman, and Kevin Warsh.
The Fed will announce its latest interest-rate decision after concluding its two-day policy meeting, with Powell addressing the media about the economy and future policy.
- Who
- US President Donald Trump and current Fed Chair Jerome Powell
- What
- Potential replacement of the Federal Reserve chair and pressure for interest rate cuts
- When
- Comments made on Tuesday, December 9, with a rate decision expected on Wednesday, December 10
- Where
- United States
- Why
- Trump's dissatisfaction with Powell's performance and his desire for quicker rate cuts
Trump's Perspective
Powell's Perspective
Replacement of Fed Chair
Trump's Perspective
President Trump has hinted at replacing Jerome Powell as Fed Chair due to dissatisfaction with his performance and desire for quicker interest rate cuts.
Powell's Perspective
Jerome Powell's term as Fed Chair is set to end in May 2026, and he is expected to continue his role until then unless replaced earlier.
- Current Fed Chair
- Jerome Powell
- Powell's Term Ends
- May 2026
- Current Interest Rate
- 3.75% to 4.00%
- Expected Rate Cut
- 25 basis points (87% probability)
- Potential Candidates for Fed Chair
- Kevin Hassett, Christopher Waller, Michelle Bowman, Kevin Warsh
