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Trump is considering replacing the head of the Fed


June, 26 2025
watermark Economic news

Donald Trump has again criticized Fed Chairman Jerome Powell, expressing dissatisfaction with his refusal to lower interest rates. Trump said he was already considering several candidates to replace Powell. 


Among the most discussed figures, analysts single out Kevin Warsh, a former member of the Fed's Board of Governors, Kevin Hassett, head of the National Economic Council, Christopher Waller, a member of the Board of Governors, and Scott Bessent, Treasury Secretary.


Although the US president often hints at Powell's possible dismissal, he sometimes contradicts himself: for example, in June, Trump announced that he did not intend to remove him from office. Kevin Hassett, one of the potential candidates, declined to comment on the situation, stressing that the decision rests with the president.


Experts believe that Trump's statements may be an attempt to influence monetary policy before Powell's term expires in 2026.



    






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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.