Archive · 30 Dec 2025
Trump Considers Firing Powell, Teases Fed Chair Announcement
President Donald Trump has hinted that he might fire Jerome Powell, the current head of the Federal Reserve, and plans to announce his preferred candidate for the next Fed Chair in January.
Trump has been critical of Powell, whom he appointed during his first term, and wants the next chair to cut interest rates more aggressively.
Powell's term as chair ends in May 2026, but his term on the Fed's Board of Governors extends until 2028.
Trump has also mentioned considering a lawsuit against Powell over a Fed renovation project.
Investors are watching these developments closely as changes in Fed leadership can impact the economy.
Trump hints at firing Powell and plans to announce new Fed Chair in January.
Powell's term as chair ends in May 2026, but his term on the Board of Governors extends to 2028.
Trump wants the next Fed chair to more aggressively cut interest rates.
Potential candidates for Fed Chair include Kevin Hassett, Kevin Warsh, Christopher Waller, Michelle Bowman, and Rick Rieder.
Trump has accused Powell of gross incompetence related to an ongoing Fed renovation project.
- Who
- Donald Trump, Jerome Powell, Potential Fed Chair Candidates
- What
- Trump's consideration to fire Powell and announcement of new Fed Chair
- When
- Announcement planned for January, Powell's term as chair ends May 2026
- Where
- United States
- Why
- Trump's dissatisfaction with Powell's leadership and interest rate policies
Trump's Stance
Powell's Position
Firing Powell
Trump's Stance
Trump has expressed a desire to fire Powell and has hinted at the possibility of doing so.
Powell's Position
Powell's term as chair ends in May 2026, and he has not indicated whether he will resign or stay on the Fed's Board of Governors until 2028.
Interest Rates
Trump's Stance
Trump wants the next Fed chair to more aggressively cut interest rates to lower mortgage costs.
Powell's Position
The Fed has lowered interest rates at its last three meetings but signaled only one cut in 2026.
- Jerome Powell
- Current Fed Chair, term as chair ends May 2026, term on Board of Governors ends 2028
- Donald Trump
- President considering firing Powell, plans to announce new Fed Chair in January
- Potential Candidates
- Kevin Hassett, Kevin Warsh, Christopher Waller, Michelle Bowman, Rick Rieder
- Interest Rates
- Fed has cut rates three times, signals one cut in 2026
- Trump's Criticism
- Accuses Powell of gross incompetence related to Fed renovation project
Sources
How investors are preparing for a new Fed
'Maybe I still Might': Donald Trump takes another jibe at firing Fed Chair Powell
Donald Trump says he would ‘love’ to fire Jerome Powell, teases January announcement of new Fed Chair
