Trump down to '3 or 4' candidates to replace Powell as Fed chair

[BumRushDaShow]

Source: Yahoo! Fnance

Updated Wed, June 25, 2025 at 11:06 AM EDT


President Trump told reporters that he is actively considering replacements for Federal Reserve Chairman Jerome Powell, and that he is down to three or four candidates.

"I know within 3 or 4 people who I’m going to pick," he told reporters adding of Powell "he goes up pretty soon fortunately because I think he's terrible." Powell’s term as chair expires in May 2026.

The comments from the president during a press conference in the Netherlands came at the same time as Powell sat before Senate lawmakers about 3,800 miles away in Washington for his second day of regularly scheduled testimony before Congress.

The consideration of Powell successors comes after a period of intensifying pressure from Trump to consider rate cuts as the chairman’s guarded wait-and-see monetary policy stance continues to inflame tensions with the White House. Trump’s comments on Wednesday didn’t address the question of whether he is looking to fire Powell or announce his final pick quickly in part to undercut Powell’s authority for the remainder of his term.

Read more: https://finance.yahoo.com/news/trump-down-to-3-or-4-candidates-to-replace-powell-as-fed-chair-150641239.html

[republianmushroom]

1. And the winner will be the one the can suck start a Harley.

[greatauntoftriplets]

2. So now he's planning to corrupt the Federal Reserve?

He's the one who appointed Powell in the first place.

[RazorbackExpat]

22. Mr. Art of the Deal is also the one who complained about

the trade pact that he himself had negotiated with Canada and Mexico

[unblock]

3. The sky's the limit in terms of the damage they can do with a toady at the fed helm

So much about what the fed does is incredibly careful, data-driven, cautious, deliberate, measured. Quarter-point moves communicated months in advance....

I can see donnie ranting one day about interest rates and the fed toady slams it all the way down to zero the same day,

The next day adjusting after the market goes bananas.

If you think the markets went nuts over tariffs, you ain't seen nothin' yet!

[BumRushDaShow]

6. "I can see donnie ranting one day about interest rates and the fed toady slams it all the way down to zero the same day"

Remember that 45 originally appointed Powell during his first term to replace Yellen, whose term was to end in 2018. Yellen had started raising interest rates during the latter part of Obama's term and continued during the first year of 45's term. When Powell took over, he continued the hikes until 45 stated screaming and the Fed halted the rises. They left the rate steady initially, and then started slowly dropping them until the pandemic crashed the economy, and that is when the rates went to near 0 again almost instantly.

[unblock]

11. Donnie is certainly capable of causing a disaster that would require 0% interest rates,

But with a toady at the fed, he'll be able to -- and will -- whipsaw the markets on a whim.

Next parade will coincide with a massive rate cut so he can claim markets loved him and his parade. That sort of thing. And worse....

[BumRushDaShow]

13. "and will -- whipsaw the markets on a whim"

He's already been whipsawing the markets with all the "tariffs on" and "tariffs off" TACO nonsense.

What will eventually start factoring in is when all the pre-tariff stock ups start dwindling and thus supplies drop, the piles of layoffs that have been increasingly announced across industries (some attempting to deploy AI), and when the immigrant purge that is happening causes major crop losses and disruption in the meatpacking industry (again impacting supplies and raising prices).

Powell apparently knows this and keeps telling everyone why they are monitoring before making any big moves.

[DENVERPOPS]

4. THIS

will be the kiss of death to consumers, citizens, tax payers, and a GIANT BJ to Corporations and Banks??????????

[IronLionZion]

5. So I guess recession and rate cuts are coming

As he finds a yes man to do his bidding. TACO is willing to burn it all down to help his own crypto investments.

[twodogsbarking]

7. We should have voted for the person who took his Economics tests in college.

It wasn't T.

[Midnight Writer]

8. Let me guess. Hmmm. Stephen Moore from the Club for Growth. Or maybe Larry Kudlow from FOX Business.

Maria Bartiromo from FOX Business.

[rurallib]

9. I am guessing somebody in the crypto world

and we can watch our money become worthless

[mahina]

14. What makes sense to do with money now?

Thanks for your ideas!

[Yo_Mama_Been_Loggin]

20. Stephen Moore

The man with the Backpfeifengesicht

[twodogsbarking]

10. Pillow Guy is the man.

Then they can stuff pillows with hundred dollar bills.

[mahina]

12. Kid Rock, Laura Loomer or Judge Judy?

Whoʻs the biggest nut in the nuthouse?

[twodogsbarking]

15. We're gonna need a bigger house. Boat.

[BumRushDaShow]

18. I just heard on the radio this afternoon

that Judge Judy is about to start a new 8-episode show!

Judge Judy’s ‘Justice On Trial’ Gets Premiere Date At Prime Video

[PortTack]

16. Orange man can't fire Powell and Powell has said he's not leaving

[FBaggins]

19. Yes - but his term ends next Spring. nt

[3Hotdogs]

17. He just took to the fainting couch - the one that he borrows from J.D. somebody just told him that

Maidoff is not available to take over as Fed. Chair.

[republianmushroom]

21. Erick, Donald Jr., Ivanka and Barron the finalist ?

[RazorbackExpat]

23. My money's on Bobo, BigBalls and Baby X