Editor's PiCK
Trump: "Fed Chair announcement possible soon... Powell is very political"
Summary
- President Donald Trump stated that the announcement for the next Chair of the U.S. Federal Reserve is likely to be made soon.
- President Trump described Jerome Powell, the incumbent Chair, as a very political figure, indicating a negative stance on his renomination.
- Scott Bessent, U.S. Secretary of the Treasury, reportedly declined the offer to become the next Chair.
Donald Trump, former President of the United States, signaled the upcoming appointment of the next Chair of the U.S. Federal Reserve and openly criticized incumbent Jerome Powell. Scott Bessent, U.S. Secretary of the Treasury, was also mentioned as a strong candidate but is reported to have declined the offer.
According to Walter Bloomberg, a foreign economic news channel, on the 5th (local time), President Trump stated in a CNBC interview, "The next Federal Reserve Chair will be one of four candidates and will be announced soon." He expressed a negative outlook on Powell's renomination, saying, "Chair Powell is a very political figure."
Regarding Scott Bessent, U.S. Secretary of the Treasury, considered a leading candidate, Trump said, "He was offered the position but declined," and added, "He wants to remain in his current role."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
