Trump to Announce Fed Chair Pick Friday After Friction With Powell
President Donald Trump said he will announce his nominee to replace Jerome Powell Friday morning, moving up an earlier timeline amid public clashes over interest rates.
Fox BusinessTrump reveals when he will announce the next Fed chair
NewsmaxTrump Moves Up Fed Chair Pick to Friday After Bitter Clashes With Powell on Interest Rates
NewsmaxTrump Moves Up Fed Chair Pick to Friday After Bitter Clashes With Powell on Interest Rates
Daily SignalTrump Reveals When He'll Announce Next Fed Chair
Overview
President Donald Trump said on Thursday he will announce his nominee to replace Federal Reserve Chair Jerome Powell on Friday morning, according to remarks made to reporters at the Kennedy Center.
The accelerated announcement follows months of public clashes over interest rate policy and comes with Powell's term as chair ending on May 15, 2026, according to White House and Fed timelines.
Trump sharply criticized Jerome H. Powell on Truth Social for not cutting rates and called him "politically biased," while Powell confirmed on Jan. 11 that Justice Department grand jury subpoenas were served in a probe tied to a $2.5 billion Fed renovation, officials said.
Potential nominees publicly mentioned by Trump include former Fed Governor Kevin Warsh, current Fed Governor Christopher Waller and BlackRock's Rick Rieder, and Bloomberg reported unnamed sources saying Warsh is expected to be nominated, which the White House did not confirm.
Nomination will trigger Senate confirmation hearings and could reshape monetary policy expectations, with markets pricing in two quarter-point cuts in 2026 and Powell saying he plans to serve out his term if not reappointed.
Analysis
Center-leaning sources frame the story as a threat to Fed independence by foregrounding the DOJ probe and presidential pressure. Editorial choices—lead placement of the investigation, repeated mention of "extraordinary clash"/"unusually aggressive," and selection of analysts warning of risks—shape a cautionary narrative, while quoted material supplies factual specifics.