Trump Plans To Name His Fed Chair Choice Next Week
6 weeks ago
President Trump plans to announce his pick to replace Federal Reserve Chair Jerome Powell next week.
During his first Cabinet meeting of the year, the president said he will end weeks of speculation over who will lead the central bank after Powell’s term expires this May. He said he thinks that person will “do a good job.”
The president has been extremely critical of the Fed under Powell’s leadership, complaining that interest rates remain too high. Powell has insisted that the Fed stay independent of politics and make its choices based on inflation and job market data.
During his first Cabinet meeting of the year, the president said he will end weeks of speculation over who will lead the central bank after Powell’s term expires this May. He said he thinks that person will “do a good job.”
The president has been extremely critical of the Fed under Powell’s leadership, complaining that interest rates remain too high. Powell has insisted that the Fed stay independent of politics and make its choices based on inflation and job market data.
