Trump says he will announce his Fed chair pick next week
US President Donald Trump said Thursday that he will announce a new Federal Reserve chief next week to replace Jerome Powell, whom he has repeatedly criticized for not lowering interest rates more aggressively.
- Americas
- Anadolu Agency & AFP
- Published Date: 09:46 | 29 January 2026
- Modified Date: 09:49 | 29 January 2026
US President Donald Trump said Thursday he will announce his pick to lead the Federal Reserve to replace Chair Jerome Powell next week.
"We're going to be announcing next week," Trump said at a Cabinet meeting.
"And it'll be a person that will, I think, do a good job."
His remarks came after the Fed held the policy rate steady at a target range of 3.5% - 3.75% on Wednesday, citing economic activity expanding at a "solid" pace.
Trump said Fed rates are "too high, unacceptably high."
"We should have the lowest interest rate anywhere in the world. They should be two points and even three points lower," he said.
Powell's term is set to end in May.
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