Will Trump announce his new Chair of the Federal Reserve in 2025?
There can only be one Fed Chairman. Trump: Hold my Diet Coke.
All eyes are back on the Federal Reserve, but this time Trump isn’t just complaining from the sidelines, he’s launching a constant assault on Jerome Powell’s leadership. The White House is no longer hiding its aim to put a Trump loyalist at the helm, whether or not protocol or law is on its side. The pressure campaign has shifted from background noise into a full-scale offensive, signaling one thing: the administration wants the Fed Chair’s seat under its control before 2026 even hits.
Follow the market: Will Trump announce his new Chair of the Federal Reserve in 2025? on Kalshi
Trump Turns Up the Heat
Trump does not have the legal authority to just fire Powell. The Federal Reserve Act says you need “cause” (such as clear misconduct) to get rid of a Fed Chair before the end of their term.