US President Trump said on December 29 that he expects to announce the successor to US Federal Reserve Chairman Powell in January next year. Powell will end his term in May 2026. Since becoming US president for the second time in January this year, Trump has been urging the Federal Reserve to cut interest rates, hoping to use this to boost the economy and reduce government borrowing costs. Dissatisfied with the Federal Reserve's failure to actively cut interest rates, Trump has repeatedly asked Powell to resign.

US President Trump said on December 29 that he expects to announce the successor to US Federal Reserve Chairman Powell in January next year. Powell will end his term in May 2026. Since becoming US president for the second time in January this year, Trump has been urging the Federal Reserve to cut interest rates, hoping to use this to boost the economy and reduce government borrowing costs. Dissatisfied with the Federal Reserve's failure to actively cut interest rates, Trump has repeatedly asked Powell to resign.