Trump Calls Out Future Fed Chair On Site, Slams Powell: “It’s Time to Cut Rates! Always Cuts Too Late! Out Before Christmas!”

“The potential Fed chair is right here in this room.”

At Tuesday’s White House meeting, President Trump smiled as he looked at National Economic Council Director Kevin Hassett, instantly fueling speculation about a possible change at the helm of the Federal Reserve.

This wasn’t a spur-of-the-moment remark. Trump made it clear he plans to officially announce his pick for Fed chair in early 2026, and Hassett is already widely viewed as the frontrunner to replace current chair Jerome Powell.

“We initially considered about 10 people,” Trump said, “but now the list is down to just one.” Although Trump is known for changing his mind and the final decision could still shift, this statement undoubtedly provides the clearest timeline yet.

“Stubborn cow, doesn’t like your president”

During the meeting, Trump once again took aim at Powell, reiterating that he should cut rates as soon as possible.

“Even JPMorgan CEO Jamie Dimon supports rate cuts,” Trump emphasized, accusing Powell of being “slow to act and weak in attitude” on lowering borrowing costs, and even calling him a “stubborn cow who doesn’t like your president.”

For months, Trump has been pressuring the Fed, arguing that high interest rates hinder economic growth. Appointing a compliant new chair would clearly offer him an excellent chance to reshape central bank policy and stimulate the economy.

Who’s on the shortlist?

Besides top pick Hassett, several heavyweights remain in the final candidate pool:
· Fed Governor Christopher Waller
· Fed Governor Michelle Bowman
· Former Fed Governor Kevin Warsh
· BlackRock Global Fixed Income Chief Rick Rieder

In September, Trump previously named Hassett, Warsh, and Waller as his top three candidates. He has also repeatedly joked about wanting Treasury Secretary Bessent to take the job, but has been firmly refused each time.

Why is this leadership change so critical?

The Fed chair nomination is the president’s most direct lever to influence monetary policy. The new chair will not only lead interest rate decisions but also shape the trajectory of the U.S. and even global economy for years to come. $BTC $ETH $SOL
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