Who will run the next Fed? The list "in Trump's hands" makes Wall Street stir!

Trump puts pressure on Fed Chairman Jerome Powell: Who will be his successor?

Trump wants to replace Powell soon, but faces many risks
With Fed Chairman Jerome Powell's term set to end in May 2026 , President Donald Trump is reportedly considering announcing his replacement sooner than expected .

According to the Wall Street Journal , Trump is unhappy with the Fed's slow pace of interest rate cuts , and wants to put his confidants in charge to push for loose monetary policy.

However, appointing too early can create political pressure , making it difficult for the candidate to be officially appointed.

The list of pro-Trump candidates has been revealed.
Trump revealed that he had narrowed down the list of potential candidates to 3–4 people , including close friends such as Kevin Warsh, Kevin Hassett, Chris Waller and David Malpass .

In addition, Scott Bessent – ​​a strong advocate of interest rate cuts – is also under consideration. All of these people tend to support a policy of rapid economic growth and aggressive interest rate cuts , which is in line with Trump's views.

Conflicting Interest Rates and Limits on Presidential Power
Although Trump has threatened to fire Powell, a recent Supreme Court ruling affirming the Fed's independence makes removing Powell difficult.

Trump also considered this in his previous term but withdrew it after negative market reaction .

Now, the debate over interest rates and inflation continues to escalate , especially as Powell opposes Trump's tax policies for fear of pushing up consumer prices.

With just 11 months left in his term, the choice of Powell's successor could have profound implications for the future of US economic policy.