Trump Set to Reveal Fed Chair Nominee This Friday Morning
President Donald Trump makes a special announcement from the red carpet of the ‘Melania’ premiere.
On Thursday, President Donald Trump revealed that he will announce his choice to succeed Federal Reserve Chairman Jerome Powell on Friday.
While attending the premiere of the film “Melania,” featuring First Lady Melania Trump, he was asked about the timeline for naming a new Fed chair. Trump confidently responded, “Tomorrow morning. I’ll be announcing the Fed chair tomorrow morning.”
Earlier that day, Trump had sharply criticized Powell, asserting that the U.S. should be experiencing significantly lower interest rates. He remarked, “now that even this moron admits inflation is no longer a threat.”
TRUMP CALLS FED’S POWELL A ‘MORON’ AFTER CENTRAL BANK HOLDS INTEREST RATES STEADY
First Lady Melania Trump looks on as President Donald Trump speaks to journalists at the world premiere of Amazon MGM Studios’ “Melania” at the Kennedy Center in Washington, DC, on January 29, 2026. (Brendan SMIALOWSKI / AFP via Getty Images)
Trump took to Truth Social to express his frustrations, stating, “He is costing America Hundreds of Billions of Dollars a year in totally unnecessary and uncalled for INTEREST EXPENSE.” He argued that due to the influx of money from tariffs, the U.S. should be paying the lowest interest rates globally.
Despite nominating Jerome Powell for the Federal Reserve chair position in 2017, Trump has become one of Powell’s most vocal critics, consistently urging the central bank to lower rates to boost the economy.
FED HOLDS INTEREST RATES STEADY, PAUSING RATE CUTS AMID ECONOMIC UNCERTAINTY
President Donald Trump walks behind Jerome Powell of the Federal Reserve during an announcement in the Rose Garden of the White House in Washington, D.C. on Thursday, Nov. 2, 2017. (Olivier Douliery/Bloomberg/Getty Images / Getty Images)
Over the past year, Trump has escalated his campaign against Powell, publicly criticizing him and resorting to personal insults to convey his dissatisfaction with the Fed’s policies. What began as a disagreement over interest rates has evolved into a significant confrontation, marking a challenging period for Powell during his eight-year tenure.
Recently, the Justice Department initiated a criminal investigation into Powell concerning his congressional testimony about the Federal Reserve’s renovation of two buildings in Washington. Powell confirmed the investigation on January 11, describing it as “unprecedented” and indicative of Trump’s ongoing threats toward the central bank.
TRUMP VS THE FEDERAL RESERVE: HOW THE CLASH REACHED UNCHARTED TERRITORY
Federal Reserve Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs during a hearing on Capitol Hill on June 25, 2025, in Washington, DC. (Kent Nishimura/Getty Images / Getty Images)
Powell’s recent decision to publicly address the investigation, after days of private consultations, marked a significant shift from his usual reserved demeanor. During a press conference, he stated that he would refrain from commenting on administration statements or discussing the investigation further.
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This ongoing clash occurs as the Supreme Court deliberates on the president’s authority to remove sitting Fed Governor Lisa Cook.
Fox News Digital’s Amanda Macias contributed to this report.
President Donald Trump makes a special announcement from the red carpet of the ‘Melania’ premiere.
On Thursday, President Donald Trump revealed that he will announce his choice to succeed Federal Reserve Chairman Jerome Powell on Friday.
While attending the premiere of the film “Melania,” featuring First Lady Melania Trump, he was asked about the timeline for naming a new Fed chair. Trump confidently responded, “Tomorrow morning. I’ll be announcing the Fed chair tomorrow morning.”
Earlier that day, Trump had sharply criticized Powell, asserting that the U.S. should be experiencing significantly lower interest rates. He remarked, “now that even this moron admits inflation is no longer a threat.”
TRUMP CALLS FED’S POWELL A ‘MORON’ AFTER CENTRAL BANK HOLDS INTEREST RATES STEADY
First Lady Melania Trump looks on as President Donald Trump speaks to journalists at the world premiere of Amazon MGM Studios’ “Melania” at the Kennedy Center in Washington, DC, on January 29, 2026. (Brendan SMIALOWSKI / AFP via Getty Images)
Trump took to Truth Social to express his frustrations, stating, “He is costing America Hundreds of Billions of Dollars a year in totally unnecessary and uncalled for INTEREST EXPENSE.” He argued that due to the influx of money from tariffs, the U.S. should be paying the lowest interest rates globally.
Despite nominating Jerome Powell for the Federal Reserve chair position in 2017, Trump has become one of Powell’s most vocal critics, consistently urging the central bank to lower rates to boost the economy.
FED HOLDS INTEREST RATES STEADY, PAUSING RATE CUTS AMID ECONOMIC UNCERTAINTY
President Donald Trump walks behind Jerome Powell of the Federal Reserve during an announcement in the Rose Garden of the White House in Washington, D.C. on Thursday, Nov. 2, 2017. (Olivier Douliery/Bloomberg/Getty Images / Getty Images)
Over the past year, Trump has escalated his campaign against Powell, publicly criticizing him and resorting to personal insults to convey his dissatisfaction with the Fed’s policies. What began as a disagreement over interest rates has evolved into a significant confrontation, marking a challenging period for Powell during his eight-year tenure.
Recently, the Justice Department initiated a criminal investigation into Powell concerning his congressional testimony about the Federal Reserve’s renovation of two buildings in Washington. Powell confirmed the investigation on January 11, describing it as “unprecedented” and indicative of Trump’s ongoing threats toward the central bank.
TRUMP VS THE FEDERAL RESERVE: HOW THE CLASH REACHED UNCHARTED TERRITORY
Federal Reserve Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs during a hearing on Capitol Hill on June 25, 2025, in Washington, DC. (Kent Nishimura/Getty Images / Getty Images)
Powell’s recent decision to publicly address the investigation, after days of private consultations, marked a significant shift from his usual reserved demeanor. During a press conference, he stated that he would refrain from commenting on administration statements or discussing the investigation further.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
This ongoing clash occurs as the Supreme Court deliberates on the president’s authority to remove sitting Fed Governor Lisa Cook.
Fox News Digital’s Amanda Macias contributed to this report.
