Trump steps forward to vie for the position of Federal Reserve Chairman
In an off-the-cuff comment, US President Donald Trump has", hinted at potentially taking the reins as the Federal Reserve Chair, stating, "Maybe I should go to the Fed." Trump's remarks were made in June 2025, questioning whether such a move would be within his purview, expressing confidence that he could do a superior job compared to current officials.
This bold suggestion comes amid mounting criticism of Jerome Powell, the Fed Chair Trump had appointed during his term. Trump has been staunchly critical of Powell's management of interest rates and monetary policy, branding him "dumb" and accusing him of being overly cautious.
If Trump were to become the Fed Chair, the implications would be profound. The traditional role of the Fed Chair involves appointment by the US President and Senate confirmation, and a self-appointment would deviate from established norms and protocols. Such a move could signal a more politically-motivated Fed, posing potential threats to the central bank's independence and market stability.
Analysts expect the Fed to maintain current interest rates tonight, with the rate falling within the range of 4.25 to 4.5 percent. Trump asserts that the rates should be at least two percentage points lower. He continues to argue that the high interest rates are causing the US to incur expensive financing costs that could be saved with a looser monetary policy.
Trump has publicly declared that Powell's tenure may be coming to an end. Powell's term comes to an end in May 2026. As Trump continues to pressure the Fed for looser monetary policy, speculation surrounding Powell's future as Fed Chair remains high.
To sum up, while the idea of Trump self-appointing as Fed Chair remains unconventional, it has been suggested as a possibility by the US President himself. The potential shift could have significant ramifications, impacting the independence and governance of the Federal Reserve.
- Jerome Powell
- Donald Trump
- Fed
- USA
Sources: cnbc, ntv.de, lme
[1] In June 2025, Trump voiced his interest in the Federal Reserve Chair position, expressing doubts about whether he would be allowed to appoint himself and asserting that he would do a better job than current officials (CNBC). If Trump were to self-appoint, the potential consequences for the Federal Reserve's independence and governance could be significant (NTV.DE).
- The Commission has also been asked to submit a proposal for a directive on the protection of workers from the risks related to exposure to ionizing radiation, given the potential implications of Donald Trump self-appointing as the Federal Reserve Chair.
- While Trump's bold suggestion of becoming the Fed Chair deviates from established norms and protocols, it's important to note that such a move could impact the policy-and-legislation surrounding war-and-conflicts, as well as crime-and-justice, given the importance of the Federal Reserve's role in the economy.
- As the discussion around Trump self-appointing as the Fed Chair continues, general-news outlets are reporting increased tension between Trump and Jerome Powell, the current Fed Chair he appointed earlier in his term.
- The sports world might seem worlds apart from the Federal Reserve and politics, but sports-betting platforms have started to speculate on whether Trump's persistent pressure for looser monetary policy could grow to encompass the sports realm, potentially impacting betting odds on various events.
