Trump Closes In on Next Fed Chair Amid Leadership Speculation
In a recent statement, Trump confirmed the search for a new Federal Reserve chair has reached its final phase. While current Chair Powell could technically remain as a board member until 2028, Trump issued a stark warning: “His life would not be pleasant if he stays.” The comment underscores growing political tension over control of the central bank.
Race Narrows to Two Finalists
Karine, previously seen as a leading contender, has lost momentum after Trump expressed concern that moving him to the Fed would weaken his administration’s economic messaging. “I’d rather keep him where he is,” Trump reiterated, further narrowing the pool.
- Selection process now focused on two candidates
- President claims to have a clear frontrunner in mind
- Appointment could shift monetary policy trajectory
Experts suggest the new chair will not only influence interest rates but also redefine the Fed’s relationship with the White House, especially amid an election-year economic agenda.