Trump confirms Fed Chairman Powell says he will replace candidates in months

On October 28, local time, journalistlyU.S. President Trump said Federal Reserve Chairman Powell was "incapable" and said his term will end in May next year, when a new candidate will be replaced.

Trump said: ¡°We have an incompetent Fed chief, 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.

Sources Central News