Trump considering announcing Powell's Fed chair successor in January [Fed Watch]
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- President Trump said he is considering announcing a successor to Fed Chair Powell sometime in January 2026.
- He said candidates such as Kevin Hassett and Kevin Warsh are being mentioned.
- Trump reiterated the possibility of legal action regarding the controversy over Fed headquarters renovation costs.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Trump, Powell successor "will be announced at some point in January"
Leading candidates include Kevin Hassett and Kevin Warsh
President Donald Trump said he is considering announcing a candidate to succeed Jerome Powell as chair of the U.S. central bank (Fed) sometime in January 2026. He also revived threats of litigation related to the renovation project at the Fed headquarters.
At a press conference after meeting with Israeli Prime Minister Benjamin Netanyahu at Mar-a-Lago in Palm Beach, Florida, on the 29th (local time), Trump was asked about the timing of the Fed chair successor announcement and said, "January, at some point."
With Powell's term ending next May, Trump is reportedly considering candidates including White House economic adviser Kevin Hassett and former Fed governor Kevin Warsh. Trump has repeatedly criticized Powell over monetary policy.
Trump also again raised the possibility of litigation related to the renovation of the Fed's Washington headquarters, a comment that came amid controversy over the cost of building a large banquet hall at the White House.
Trump has claimed he could take legal action against Powell over excessive Fed headquarters renovation costs, and he repeated the same position on the day.
New York=Correspondent Park Shin-young nyusos@hankyung.com
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