Trump narrows Fed chair candidates to “three to four” people to replace Powell

President Donald Trump told the correspondents on Wednesday afternoon that he had a list of potential caliphs of the Federal Reserve Chairman Jerome Powell to “three or four” candidates and intends to announce his decision before the plan.

“I think I will call it a little early – the new president,” Trump told reporters during his speech at the Kennedy Center. “I arrived to three or four names – everything is good, everything is great. The problem is, called what you want, then it turns out that it is not good.”

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Trump also criticized Powell, describing him as “truly incompetent” and argued that the current Federal Reserve Chair made it difficult for Americans to obtain realistic loans at reasonable prices.

“But the housing sector, people cannot obtain good real estate loans,” Trump said. “They pay too much because of Jerome after it is too late,” Powell. It is really incompetent. “

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Earlier on Wednesday, a senior administration official at Fox Business said that Treasury Secretary Scott Bessin, who leads the effort to narrow a Powell alternative, is being interviewed with a list of 11 possible candidates for this position. Fox Business got the list and reviewed, including names:

• Michelle BowmanMember of the Board of Governors in the Federal Reserve and Vice -President of Supervision
• James PollardThe former head of the Federal Reserve Bank in Saint Lewis
• Kevin HaysitDirector of the National Economic Council
• Philip JeffersonMember of the Council of Governors in the Federal Reserve and Vice President
• Larry LindsieFormer Federal Reserve Member of the Federal Reserve
• Lori LoganPresident of the Federal Reserve in Dallas
• Rick ReaderBlackrock investment officials for global fixed income
• Mark SamlinDeputy Director of the National Economic Council
• Christopher WalMember of the Board of Governors in the Federal Reserve
• Kevin WarbFormer Federal Reserve Member of the Federal Reserve
• David ZarfousThe largest strategy of the market for Ceffrez

US Treasury Secretary Scott Payette at the hearing of the Financial Services Committee in the House of Representatives entitled “The annual certificate of the Treasury Secretary in the case of the International Financial System”, in the Capitol Hill in Washington, d. (Reuters photos / Nathan Howard / Reuters)

Last week, Trump confirmed that the administration had started an “official operation” to choose the successor of Powell amid increasing tensions between the president and the head of the Federal Reserve. Trump also said that Pesin, who was once rumored to run to replace Powell, would remain in his role as the Treasury Secretary.

Powell will end for a period of four years as President of the Federal Reserve in May 2026.

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Tensions between Powell, which Trump appointed in 2017, and the president continued to rise, with the proof of interest rate decisions in the central bank a certain friction point. Trump wants to reduce interest rates, but the Federal Reserve has not done so since 2024.

Federal Reserve Speaker Jerome Powell is witnessing before the Senate Committee for Banking Services, Housing and Urban Affairs during a session to “Examine the Semi -annual monetary policy report to congress” in Capitol Hill on June 25, 2025, in Washington, DC. (Kent Nishimura / Getty Images / Getty Images)

On Tuesday, Trump increased the pressure on Powell to reduce interest rates, and a threat to allow a lawsuit for a $ 3.1 billion central bank renewal project to move forward.

“Jerome” is very late “it must reduce Powell now.”

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Daniela Jenoviz and Michael Durgan contributed to Fox Business.