Trump confirms Fed Chairman Powell, saying he will replace candidates in months
On October 28, local time, the reporter was informed that,U.S. President Trump said Federal Reserve Chairman Powell was "incompetent" and said his term will end in May next year, when a new candidate will be replaced.
Central News Client Reports
Trump said，“We have an unqualified head of the Fed, but he will leave in a few months and we will replace him.”
Federal Reserve Chairman Powell's term will end in May 2026. Trump has repeatedly publicly called on the Federal Reserve to cut interest rates sharply and asked Powell to resign.