Trump to Announce Federal Reserve Chair Nominee Friday Morning
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News18•30-01-2026, 07:45
Trump to Announce Federal Reserve Chair Nominee Friday Morning
- •President Trump will announce his Federal Reserve chair nominee on Friday morning, a decision that could impact the Fed's independence.
- •Trump has criticized current Fed Chair Jerome Powell for not cutting interest rates more aggressively, despite Powell's term ending in May.
- •The president remained cryptic about his pick but hinted it could be someone previously considered, fueling speculation about Kevin Warsh.
- •Tensions between Trump and the Fed escalated, with the Justice Department issuing subpoenas and Powell emphasizing the Fed's independence.
- •Powell's term as a Fed governor extends until 2028, potentially allowing him to remain on the board and influence future decisions.
Why It Matters: Trump's upcoming Fed chair announcement could challenge the central bank's independence amid ongoing tensions.
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