Trump is very upset.
President Donald Trump is preparing to reshape the future of American monetary policy—and Federal Reserve Chair Jerome Powell’s days are numbered.
In a hard-hitting interview with Fox News’ Maria Bartiromo on Sunday Morning Futures, President Trump confirmed that he’s eyeing a replacement for Powell and may name a new pick as early as September or October 2025.
“Anybody but Powell,” Trump declared. “He’s been a disaster for the economy—keeps interest rates too high, chokes growth, and ignores the pain of the American people.”
Fed Crisis Under Powell: High Rates, Slow Growth, Rising Inflation
Though Powell was originally appointed by Trump in 2018, the relationship soured as the Fed continued hiking interest rates even as inflation surged and working-class Americans struggled under the weight of Biden-era economic failures. Trump has long accused Powell of stalling the recovery and hurting retirees, homeowners, small businesses, and investors.
Wall Street took notice. Markets have reacted sharply to Trump’s public comments, signaling how influential his economic vision remains—and why Powell’s grip on the Fed may already be slipping.
While Powell’s term officially ends in May 2026, insiders say Trump’s plan to announce a successor early would create a “shadow Fed chair” dynamic—undermining Powell’s authority and shifting expectations toward rate cuts, economic expansion, and America-first financial leadership.
Trump’s Possible Picks: Growth-Minded Patriots Only
Among the frontrunners under consideration:
- Treasury Secretary Scott Bessent – a strong advocate for sound money and fiscal discipline
- Former Fed Governor Kevin Warsh – widely respected and known for opposing Powell’s tight-money policies
- Trump economic adviser Kevin Hassett – deeply trusted inside Trump’s inner circle
- Current Fed Governor Christopher Waller – seen as a reliable vote for loosening policy
“I’ve got three strong names. They’re all good,” Trump said. “They believe in cutting interest rates, creating jobs, and putting America First.”
When asked about Warsh specifically, Trump responded: “Kevin is very talented. He’s not Powell—and that’s a good thing.”
Why It Matters: Trump’s Plan to Restore the Economy
The Fed last cut interest rates in December, but inflation remains a threat—driven in part by reckless Biden-era spending, soaring energy costs, and weak global demand. Powell told Congress recently that he’s waiting to see how Trump’s new tariff policies play out before making another move—a stance Trump slammed as “weak” and “too slow.”
Trump’s early Fed replacement strategy sends a clear message: if reelected, he’ll move fast to get the economy booming again—with lower interest rates, stronger growth, retirement security, and real income gains for everyday Americans.
While he can’t fire Powell due to Fed independence and a Supreme Court ruling, Trump can outmaneuver the bureaucrats by making the future known now.
Bottom Line: A New Fed Chair Could Mean Major Economic Change
President Trump is already shaping the future of the U.S. economy. By naming a pro-growth, pro-worker, pro-America Federal Reserve candidate months in advance, he’s setting the stage for a major financial reset.
Stay informed as this story develops—it could impact everything from your mortgage and retirement plans to your investments and job opportunities.