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White House Clarifies No Replacement for Powell Yet
While US President Donald Trump might reportedly select a replacement for Federal Reserve Chairman Jerome Powell as early as this summer, the White House clarified on Thursday that...
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While US President Donald Trump might reportedly select a replacement for Federal Reserve Chairman Jerome Powell as early as this summer, the White House clarified on Thursday that no decision has been made regarding Powell's successor

It stated that Trump has the authority to decide and emphasized that there are several excellent candidates to consider.

Related NewsInitial Jobless Claims for Jun/21 in United States is 236.0K, lower than the previous value of 246.0K. The forecast was 245K.
Trump has been dissatisfied with Powell's long-standing high-interest-rate policy and may announce a new chairman nominee as early as this summer or by September to October at the latest.

Powell's term is set to expire in May 2026. Trump recently stated that he has shortlisted three to four potential candidates and will announce them soon.

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