$BTC Trump says he has already chosen the next president of the Fed; find out who is being considered
If Trump makes the announcement by the end of the year, it will be the earliest nomination for the presidency of the Fed before the current occupant leaves the position
On Sunday (30), the Republican stated that he has made his decision and will announce it soon. The imminent appointment concludes a selection process that lasted months, led by Treasury Secretary Scott Bessent, who presented Trump with a short list of five people.
Few people have as much influence over financial markets and the global economy as the president of the U.S. central bank. Some words from the Fed president can move markets and transfer billions of dollars. It is such an important position that Trump even considered taking it for himself.
by Fed President Jerome Powell, whose term ends in May.
On several occasions, Trump has stated that he would fire Powell or force him to resign; he criticized him for not lowering interest rates; and asked the Fed's Board of Governors to remove him. Now, finally, Trump has the opportunity to reshape the central bank in his own image — and he is seizing it.
If Trump makes his announcement by the end of the year, it will be the earliest nomination for the presidency of the Fed before the current occupant leaves the position.
Bessent stated last week that there is a "high probability" that Trump will announce his choice before Christmas.
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