Archive · 19 Nov 2025
Trump Hints at Fed Chair Choice, Criticizes Powell
President Trump said he knows who he wants to be the next boss of the Federal Reserve (the central bank that controls the country's money).
He thinks the current boss, Jerome Powell, is not doing a good job because he didn't lower interest rates faster.
Trump didn't say who his choice is, but he said he's talking to different people about it.
He also said the Treasury Secretary, Steve Mnuchin, is not being considered for the job.
The White House is expected to announce the new Fed chair by the end of December.
US President Donald Trump hinted at his choice for the next Federal Reserve chair, replacing Jerome Powell.
Trump criticized Powell for not lowering interest rates faster, stating he would like to replace him immediately.
Trump did not reveal his preferred candidate but mentioned he is considering 'various people' for the position.
Treasury Secretary Steven Mnuchin is not under consideration for the role, according to Trump.
The White House is expected to announce the new Fed chair by the end of December.
- Who
- US President Donald Trump
- What
- Hinted at his choice for the next Federal Reserve chair and criticized current Chair Jerome Powell
- When
- Tuesday during an Oval Office appearance
- Where
- Oval Office, White House
- Why
- To express his dissatisfaction with Powell's handling of interest rates and to hint at his preferred candidate for the Fed chair position
Trump's View
Powell's Defenders
Powell's Performance
Trump's View
Trump believes Powell has done a terrible job, especially with interest rates.
Powell's Defenders
Powell's defenders might argue that he has maintained stability and controlled inflation.
- Current Fed Chair
- Jerome Powell
- Expected Announcement Timeline
- End of December
- Treasury Secretary Not Under Consideration
- Steven Mnuchin
