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BumRushDaShow

(157,473 posts) Sat Jun 7, 2025, 07:10 AM Jun 7

Trump says decision on Fed chair will be out soon [View all]

Source: Reuters

June 6, 2025 7:12 PM EDT Updated 12 hours ago

WASHINGTON, June 6 (Reuters) - President Donald Trump said on Friday that a decision on the next Federal Reserve chair will be coming out soon, adding that a good Fed chair would lower interest rates.

"It's coming out very soon," Trump told reporters on Air Force One.

When asked specifically about former Fed governor Kevin Warsh, Trump said, "he's very highly thought of." Warsh is considered a frontrunner to be Trump's pick to be the next Fed chair.

Earlier on Friday, Trump said the Federal Reserve should cut interest rates by a full percentage point and he reiterated his view that Chair Jerome Powell has been too slow to lower borrowing costs.

Read more: https://www.reuters.com/world/us/trump-says-decision-fed-chair-will-be-out-soon-2025-06-06/

Powell's term would be up in May 2026.

30 replies

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Trump says decision on Fed chair will be out soon [View all] BumRushDaShow Jun 7 OP

So Trump's going to try to ram this through. bucolic_frolic Jun 7 #1

And what if Chair Jerome Powell refuses to leave? no_hypocrisy Jun 7 #2

If so, we should all signal our 1000% percent support to and for him, every which way we can. KPN Jun 7 #17

His newest partner in crime and new hire for the Trump Crime Syndicate. Irish_Dem Jun 7 #3

By weakening the dollar. gab13by13 Jun 7 #8

This is also the goal of China and Russia. Irish_Dem Jun 7 #15

Mike Lindell for the Fed! speak easy Jun 7 #4

Or DENVERPOPS Jun 7 #24

:banghead: speak easy Jun 7 #26

Miss Slut-Butt, DENVERPOPS Jun 7 #28

Exactly. speak easy Jun 7 #29

And if a Dem wins JBTaurus83 Jun 7 #5

That's only if they stay in the position for the term BumRushDaShow Jun 7 #6

Not what's his name who the fat asshole appointed as head of the USPS. He stayed on almost another 4 years, and f'd KPN Jun 7 #18

"Not what's his name who the fat asshole appointed as head of the USPS" BumRushDaShow Jun 7 #20

You are developing DENVERPOPS Jun 7 #25

Why can't Krasnov fire Powell? gab13by13 Jun 7 #7

This message was self-deleted by its author LudwigPastorius Jun 7 #30

Think I am overboard about Crypto? gab13by13 Jun 7 #9

It's about protecting Stable Coins that are pegged to currencies like $ JCMach1 Jun 7 #22

Trump didn't care that Powell barely lowered interest rates in Biden's last year Bengus81 Jun 7 #10

It is all about weakening the dollar and strengthening Crypto. gab13by13 Jun 7 #11

Trump hasn't totally wrecked the economy yet. JohnnyRingo Jun 7 #12

The stock market is booming gab13by13 Jun 7 #14

Firing Powell could cause a stock market crash Tennessee Hillbilly Jun 7 #13

It's nothing but an illusory band-aid for a 12 guage shotgun gunshot wound to the gut of the country. Tarzanrock Jun 7 #16

Markets will tank if he tries to illegally force Powell out. He's a moron. nt 617Blue Jun 7 #19

While the chairman is important remember all of the board members vote jgmiller Jun 7 #21

He's likely going to appoint someone D. Spaulding Jun 7 #23

Ok, let's just assume AnnaLee Jun 7 #27