Topline
President Donald Trump said Wednesday he’s narrowed the search for a new Federal Reserve chair to “three or four” candidates, contradicting a report earlier Wednesday that Trump was eyeing up to 11 potential successors for Federal Reserve Chair Jerome Powell.
President Donald Trump speaks during an event at the Kennedy Center on August 13, 2025 in Washington, DC. (Photo by Kevin Dietsch/Getty Images)
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Key Facts
Trump also said Wednesday he would name a replacement for Powell, who he criticizes incessantly for not lowering interest rates, “a little bit earlier,” as Powell’s term expires in May.
This is a developing story and will be updated.