Editor's PiCK
Trump: "I haven’t discussed the Fed chair selection with anyone yet… but I’ve already made up my mind"
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Summary
- U.S. President Donald Trump said he has not yet discussed the selection of the next Federal Reserve (Fed) chair with anyone.
- In an interview, Trump said "In my mind, I’ve already made a decision," suggesting he has internally settled on a direction for the next Fed chair selection.
- Trump has criticized current Fed chair Jerome Powell’s monetary policy and has indicated he prefers a successor who is proactive about interest-rate cuts.
U.S. President Donald Trump said he has not yet discussed his decision with anyone regarding the selection of the next chair of the Federal Reserve (Fed).
According to The New York Times (NYT) on the 8th (local time), Trump said in an interview, "I haven't talked to anyone about the Fed chair selection," while adding, "In my mind, I’ve already made a decision."
The remarks come as market speculation continues over candidates for the next Fed chair, and are seen as signaling that while Trump is managing the timing of the appointment, he has internally settled on a direction for the final pick.
Trump has publicly criticized current Fed Chair Jerome Powell’s monetary policy and has repeatedly indicated he prefers a successor who is more proactive about cutting interest rates.
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