"Trump added the Powell should resign and that he'd "love to fire him." "Maybe I still might," Trump told reporters at his Mar-a-Lago resort in Florida. Trump did not specify who is his leading chair candidate and said an announcement would be made in "January sometime." National Economic Council Director Kevin Hassett has been seen as the frontrunner, though Trump has also expressed interest in former Fed governor Kevin Warsh."
""I do, still do - hasn't changed," Trump said at a press conference Monday, when asked if he has a favorite candidate. "I'll announce him at the right time. There's plenty of time." Trump has made numerous cryptic - and sometimes contradictory - remarks about his decision-making process regarding the new central bank chief."
"He said Monday he was considering a "gross incompetence" lawsuit against Powell related to an ongoing renovation project at the Fed. Powell's term as chair is set to end in May of 2026, but his term on the Fed's Board of Governors doesn't expire until 2028."
President Trump said he still has a preferred candidate for Federal Reserve chair and will announce the selection "in January sometime." He criticized current Fed Chair Jerome Powell, said Powell should resign, and said he would "love to fire him," while also saying he might still do so. Kevin Hassett is seen as a frontrunner, with interest also shown in Kevin Warsh and other finalists including Christopher Waller, Michelle Bowman and Rick Rieder. Trump indicated he wants a chair who will pursue more aggressive rate cuts to lower mortgage costs and mentioned considering a "gross incompetence" lawsuit related to a Fed renovation.
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