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Trump's Enthusiasm for Powell as Fed Chair is Waning
Summary: According to sources cited by Golden Ten from The Wall Street Journal, Trump discussed replacing Powell with Warsh in February and March this year, but Warsh advised against taking any such action before Powell's term ends in May 2026. He has been critical of the Fed recently. During a speech in Washington D.C. on April ...
According to sources cited by Golden Ten from The Wall Street Journal, Trump discussed replacing Powell with Warsh in February and March this year, but Warsh advised against taking any such action before Powell's term ends in May 2026. He has been critical of the Fed recently. During a speech in Washington D.C. on April 25th, he said that the 'current trauma is largely self-inflicted' and called for a 'strategic reset' to mitigate the loss of credibility and damage to the Fed's status.
