TechFlow, June 25 — According to Jinshi Data, Trump called Federal Reserve Chair Powell "terrible" and said he knows three or four people who are contenders for the next Fed chair. When asked whether he was interviewing candidates to succeed Powell, Trump told reporters, "I know who I would pick among three or four." The main contenders reportedly include former Fed governor Kevin Warsh, National Economic Council Director Hassett, current Fed governor Waller, and Treasury Secretary Bessent. Trump has repeatedly criticized Powell for not cutting rates and has floated ideas of firing him or appointing a successor soon, though he often retracts such threats. Some analysts believe this is Trump's attempt to influence monetary policy through a "shadow Fed chair" before Powell's term ends in May 2026.
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