Trump's Upcoming Decision on Federal Reserve Leadership

United States President Donald Trump has announced his intention to select a new Federal Reserve chair by the end of this week. This decision marks a pivotal moment in the economic policy direction of the nation.

Finalists and Considerations

Trump revealed that the selection has been narrowed down to four candidates, emphasizing the high demand for the position. "Everybody wants it," he remarked, highlighting the competitive nature of the selection process. Notably, US Treasury Secretary Scott Bessent has been confirmed not to be among the final contenders.

Current Chair and Past Criticisms

Jerome Powell, the current Fed chair, whose term is set to expire in May 2026, has faced criticism from Trump regarding interest rate decisions. Despite previous statements indicating he would not dismiss Powell, Trump is now preparing for a potential shift in leadership at the Federal Reserve.