Trump Says Three or Four People on List to Replace Fed’s Powell

June 26, 2025, 12:01 AM UTC

President Donald Trump said he has three or four people in mind to succeed Federal Reserve Chair Jerome Powell when his term expires next year.

“I know within three or four people,” Trump said Wednesday during a press conference at The Hague, where he is attending the NATO summit. “I mean he goes out pretty soon, fortunately, because I think he’s terrible.”

Trump did not name his potential replacements for the central banker nor did he lay out a timeline for a decision. Powell’s term as chair ends in May 2026.

WATCH: President Donald Trump calls Federal Reserve Chair Jerome Powell “a very stupid person” and says he has three or four people in mind to succeed him when his term expires.
Source: Bloomberg

The president said earlier this month that ...

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