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BumRushDaShow

(160,902 posts)
Wed Jun 25, 2025, 11:23 AM Jun 2025

Trump down to '3 or 4' candidates to replace Powell as Fed chair

Source: Yahoo! Fnance

Updated Wed, June 25, 2025 at 11:06 AM EDT


President Trump told reporters that he is actively considering replacements for Federal Reserve Chairman Jerome Powell, and that he is down to three or four candidates.

"I know within 3 or 4 people who I’m going to pick," he told reporters adding of Powell "he goes up pretty soon fortunately because I think he's terrible." Powell’s term as chair expires in May 2026.

The comments from the president during a press conference in the Netherlands came at the same time as Powell sat before Senate lawmakers about 3,800 miles away in Washington for his second day of regularly scheduled testimony before Congress.

The consideration of Powell successors comes after a period of intensifying pressure from Trump to consider rate cuts as the chairman’s guarded wait-and-see monetary policy stance continues to inflame tensions with the White House. Trump’s comments on Wednesday didn’t address the question of whether he is looking to fire Powell or announce his final pick quickly in part to undercut Powell’s authority for the remainder of his term.

Read more: https://finance.yahoo.com/news/trump-down-to-3-or-4-candidates-to-replace-powell-as-fed-chair-150641239.html

23 replies = new reply since forum marked as read
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Trump down to '3 or 4' candidates to replace Powell as Fed chair (Original Post) BumRushDaShow Jun 2025 OP
And the winner will be the one the can suck start a Harley. republianmushroom Jun 2025 #1
So now he's planning to corrupt the Federal Reserve? greatauntoftriplets Jun 2025 #2
Mr. Art of the Deal is also the one who complained about RazorbackExpat Jun 2025 #22
The sky's the limit in terms of the damage they can do with a toady at the fed helm unblock Jun 2025 #3
"I can see donnie ranting one day about interest rates and the fed toady slams it all the way down to zero the same day" BumRushDaShow Jun 2025 #6
Donnie is certainly capable of causing a disaster that would require 0% interest rates, unblock Jun 2025 #11
"and will -- whipsaw the markets on a whim" BumRushDaShow Jun 2025 #13
THIS DENVERPOPS Jun 2025 #4
So I guess recession and rate cuts are coming IronLionZion Jun 2025 #5
We should have voted for the person who took his Economics tests in college. twodogsbarking Jun 2025 #7
Let me guess. Hmmm. Stephen Moore from the Club for Growth. Or maybe Larry Kudlow from FOX Business. Midnight Writer Jun 2025 #8
I am guessing somebody in the crypto world rurallib Jun 2025 #9
What makes sense to do with money now? mahina Jun 2025 #14
Stephen Moore Yo_Mama_Been_Loggin Jun 2025 #20
Pillow Guy is the man. twodogsbarking Jun 2025 #10
Kid Rock, Laura Loomer or Judge Judy? mahina Jun 2025 #12
We're gonna need a bigger house. Boat. twodogsbarking Jun 2025 #15
I just heard on the radio this afternoon BumRushDaShow Jun 2025 #18
Orange man can't fire Powell and Powell has said he's not leaving PortTack Jun 2025 #16
Yes - but his term ends next Spring. nt FBaggins Jun 2025 #19
He just took to the fainting couch - the one that he borrows from J.D. somebody just told him that 3Hotdogs Jun 2025 #17
Erick, Donald Jr., Ivanka and Barron the finalist ? republianmushroom Jun 2025 #21
My money's on Bobo, BigBalls and Baby X RazorbackExpat Jun 2025 #23

greatauntoftriplets

(178,313 posts)
2. So now he's planning to corrupt the Federal Reserve?
Wed Jun 25, 2025, 11:38 AM
Jun 2025

He's the one who appointed Powell in the first place.

RazorbackExpat

(623 posts)
22. Mr. Art of the Deal is also the one who complained about
Sat Jun 28, 2025, 12:55 AM
Jun 2025

the trade pact that he himself had negotiated with Canada and Mexico

unblock

(55,655 posts)
3. The sky's the limit in terms of the damage they can do with a toady at the fed helm
Wed Jun 25, 2025, 11:39 AM
Jun 2025

So much about what the fed does is incredibly careful, data-driven, cautious, deliberate, measured. Quarter-point moves communicated months in advance....

I can see donnie ranting one day about interest rates and the fed toady slams it all the way down to zero the same day,

The next day adjusting after the market goes bananas.

If you think the markets went nuts over tariffs, you ain't seen nothin' yet!

BumRushDaShow

(160,902 posts)
6. "I can see donnie ranting one day about interest rates and the fed toady slams it all the way down to zero the same day"
Wed Jun 25, 2025, 12:27 PM
Jun 2025

Remember that 45 originally appointed Powell during his first term to replace Yellen, whose term was to end in 2018. Yellen had started raising interest rates during the latter part of Obama's term and continued during the first year of 45's term. When Powell took over, he continued the hikes until 45 stated screaming and the Fed halted the rises. They left the rate steady initially, and then started slowly dropping them until the pandemic crashed the economy, and that is when the rates went to near 0 again almost instantly.

unblock

(55,655 posts)
11. Donnie is certainly capable of causing a disaster that would require 0% interest rates,
Wed Jun 25, 2025, 02:24 PM
Jun 2025

But with a toady at the fed, he'll be able to -- and will -- whipsaw the markets on a whim.

Next parade will coincide with a massive rate cut so he can claim markets loved him and his parade. That sort of thing. And worse....

BumRushDaShow

(160,902 posts)
13. "and will -- whipsaw the markets on a whim"
Wed Jun 25, 2025, 02:41 PM
Jun 2025

He's already been whipsawing the markets with all the "tariffs on" and "tariffs off" TACO nonsense.

What will eventually start factoring in is when all the pre-tariff stock ups start dwindling and thus supplies drop, the piles of layoffs that have been increasingly announced across industries (some attempting to deploy AI), and when the immigrant purge that is happening causes major crop losses and disruption in the meatpacking industry (again impacting supplies and raising prices).

Powell apparently knows this and keeps telling everyone why they are monitoring before making any big moves.

DENVERPOPS

(13,003 posts)
4. THIS
Wed Jun 25, 2025, 12:00 PM
Jun 2025

will be the kiss of death to consumers, citizens, tax payers, and a GIANT BJ to Corporations and Banks??????????

IronLionZion

(50,002 posts)
5. So I guess recession and rate cuts are coming
Wed Jun 25, 2025, 12:05 PM
Jun 2025

As he finds a yes man to do his bidding. TACO is willing to burn it all down to help his own crypto investments.

Midnight Writer

(24,782 posts)
8. Let me guess. Hmmm. Stephen Moore from the Club for Growth. Or maybe Larry Kudlow from FOX Business.
Wed Jun 25, 2025, 12:46 PM
Jun 2025

Maria Bartiromo from FOX Business.

3Hotdogs

(14,609 posts)
17. He just took to the fainting couch - the one that he borrows from J.D. somebody just told him that
Wed Jun 25, 2025, 05:58 PM
Jun 2025

Maidoff is not available to take over as Fed. Chair.

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