Donald Trump says he may announce the replacement of the Federal Reserve Speaker Powell “somewhat soon” star-news.press/wp
US President Donald Trump has submitted an update on his plans to announce the replacement of Federal Reserve Chairman Jerome Powell, saying that this announcement may come somewhat soon. He also revealed that he had four candidates in mind and that Scott Bessent is not one of them, after he rejected the mission.
Donald Trump comments on the alternative to Federal Reserve Chairman Jerome Powell a possible alternative
in CNBC interviewThe US President said that he may announce the new Federal Reserve Chairman soon soon and that he would be one of the four candidates who are already in his mind. This came when he again accused Jerome Powell of being very political in his decision not to cut prices so far.
It should be noted that the Powell period does not end until May 2026. However, Donald Trump frees the next Federal Reserve Chair now, although this raised fears that it may lead to “shadow feeding”.
There were talks about Powell’s resignation, but there is only a chance of about 14 % of this year, according to Polymarkket data. Meanwhile, Treasury Secretary Scott Beesint, as the next Federal Reserve Chairman, said he refused to consider the job.
Polymark data shows that Kevin Warch, Kaysit, Chris and Er, are leading the race to become the next Federal Reserve. There are 33 %, 17 %, and 15 %, respectively, of whom Donald Trump chooses to replace Powell.
The president discusses commercial deals and definitions
As part of his interview, Donald Trump also discussed commercial deals and definitions, which have so far had a significant impact on the encryption market. The president stated that he would put a 35 % tariff on the European Union if they did not fulfill their obligations.
He also repeated his plans to raise the definitions of India on the country’s relationship with Russia. Trump had put a 25 % tariff on India because it was one of the largest buyers of Russian energy and ammunition.
Then Donald Trump said yesterday that he would significantly raise the customs tariff for the country, accusing the financing of the Russian war or Ukraine indirectly. In his interview, the president also claimed that India is the country with the highest tariff.
Meanwhile, he also discussed a possible trade deal with China, saying it was about to reach an agreement. The US President is also planning to meet Xi Jinping later in the year if it reaches a deal.
It should be noted that Donald Trump commented to be treated unrelenting by JP Morgan and Bank of America. This comes at a time when the White House plans to issue an executive order aimed at curbing the “CokkePoint 3.0”.
This aims to address discrimination against individuals or entities based on political foundations. It is worth noting that Crypto Exchange, co -founder of Gemini, Tyler Winklevoss, who supported Trump, recently accused JP Morgan of stopping his re -exchanged as the bank.
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Alignafe Adeyemi
Boluwatife Adeyemi is a writer and editor of encryption news that covers topics that exceed several ports. Its speed and alacity covering uniform break updates. He has a talent to simplify the most technical concepts and make them easy to understand beginners in encryption. Boluwatife is also a lawyer, a law certificate from the University of Ibadan. It also holds a certificate in digital marketing. Away from writing, he is a fan of thirsty basketball, traveler, and part -time Degen.
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2025-08-05 13:00:00
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