Trump to Announce Fed Replacement After Rate Criticism
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WASHINGTON — President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell this week after the Fed voted 10-2 to hold its benchmark rate, urging that the central bank "substantially" lower rates and calling Powell a "moron" on Truth Social. Trump said higher rates raise government interest expense and tied his case to tariff policy, while his administration has pursued probes and called for leadership changes at the Fed. Powell's term ends in May and Trump said he will announce a replacement next week, with contenders named in public reports. Multiple outlets report. Based on 6 articles reviewed and supporting research.
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