Trump says he plans to announce his pick for Fed chair in January [View all]
Source: USA Today
Dec. 29, 2025, 6:09 p.m. ET
President Donald Trump said he expects to announce his pick to replace Federal Reserve Chair Jerome Powell in January, a highly-anticipated moment for an institution that the president has assailed as he pushes to slash interest rates to boost economic activity.
Powell's term as chair expires in May and Trump is eager to see him gone, repeatedly slamming his leadership of the central bank.
"I'd love to fire him but we're so close" to his term expiring Trump said Dec. 29 during a meeting at his Mar-a-Lago club in Florida with Israel's prime minister.
The Fed cut interest rates three times this year, but Trump said the latest cut on Dec. 10 "could have been doubled."
Read more: https://www.usatoday.com/story/news/politics/2025/12/29/donald-trump-jerome-powell-federal-reserve-chair-rates/87950726007/
= new reply since forum marked as read