President of the United States Donald Trump (79) postpones the appointment of the fresh head of the US national Reserve until the fresh year. He plans to announce his candidate in January, informed Trump journalists in Florida on Monday. Originally Trump announced the decision by the end of 2025. word of office of the current president of the national Reserve Jerome Powell (72) ends in May 2026.
It is unclear who has the best chance of his succession. Trump repeatedly and contraryly expressed his position on the matter. In mid-December, he said he was considering the candidacy of erstwhile national Reserve president Kevin Warsh (55 years) or manager of the National economical Council Kevin Hassett (63 years). Later Trump said there were inactive 3 or 4 candidates in the race.
The Fed is independent in its decisions. However, Trump has already declared that the fresh president of the Fed must follow his lead. Trump wrote on his TruthSocial platform that he wanted the fresh president to lower interest rates erstwhile the marketplace is doing well. Inflation will regulate itself, he said. States United States They should not be pulled down by their success. "Whoever disagrees with me on this substance will never become president of the Fed," Trump wrote.
On Monday, Trump repeated earlier announcements that he would file a suit against Powell. The reason, as he said, was the “extreme incompetence” that Powell showed, leading the renovation of the national Reserve office in Washington. Trump had already spoken with a akin threat in August, but failed to implement it.
