Trump says he will announce his Federal Reserve chair nominee on Friday morning
January 29, 2026
President Donald Trump said he plans to announce his choice for Federal Reserve chairman on Friday morning. Trump has criticized current Fed Chair Jerome Powell for not cutting interest rates more aggressively. Trump is believed to have four finalists for the position, but did not give details on Thursday. Tensions have been high between Trump and the Fed, with Powell emphasizing the importance of independent judgment and accountability to Congress. Powell’s term ends in May, but he could remain on the board until 2028.