Trump Pressures Powell, Nears Fed Chair Decision

President Trump is very unhappy with the current head of the Federal Reserve, Jerome Powell.

He said that if Powell stays on the Fed's board after his term as chair ends, things won't go well for him.

Trump is close to choosing a new Fed chair and has narrowed down his list to a few candidates.

The top contenders are Rick Rieder from BlackRock, Kevin Hassett, Christopher Waller, and Kevin Warsh.

Trump seems to prefer Rieder because he might be easier to confirm.

There's also some legal trouble involving the Fed's building renovations, which could make it harder for Trump to get his pick confirmed.

Powell has pushed back against the investigation, saying it's an attempt to pressure the Fed politically.

Many experts are worried about this fight because it could affect the economy and financial markets.