Trump’s Fed Chair contenders step up as tensions with Powell escalate

As relationships between the president Donald Trump Federal Reserve Chairman Jerome Powell is deteriorating, and potential caliphs formed their efforts to secure the nomination.

Former Federal Reserve Governor Kevin Wrash, who is in a brief list of Trump Behind PowellHe has long called for a system to change the system in the federal reserve.

Trump’s potential brief list of Federal Reserve Chair is formed

“This is not the first time in the past decade that I heard about it says we need to change a system in the Federal Reserve. It is not only about someone, but rather a relative of the economy and an approach to what they are doing,” Warsh said during an interview with CNBC on Thursday.

“This is not a single person and this is not related to a job,” he said, adding that “the wide behavior of monetary policy has been broken for a long time.”

“The central bank, which is sitting there today, is radically different from the central bank that it joined in 2006.”

Warsh was among the main candidates of Trump to replace the Federal Reserve Chairman Janet Yellen in 2018. Trump finally appointed Powell in this role.

Recently, it was considered a competitor to the Secretary of the Treasury in the Trump Administration, before the president landed on the former hedge fund, Scott Bessin.

“I think he is doing a great job, and he serves the president well,” Warch said, adding that the following Federal Reserve “works smoothly” with the cabinet.

Trump urges price cuts to boost savings, but the federal reserve says the economy is strong

The former banker Morgan Stanley said that the federal reserve is responsible for the majority of issues raised by Trump.

“I think the Federal Reserve has done a very good job to blame others for their mistakes. It was very common to blame the president because it means that for them. Most of the Federal Reserve’s mistakes because of the options they have taken,” Warsh said.

President Donald Trump, left, and Federal Reserve Chairman Jerome Powell. (Getty Images / Clearance / Getty Images)

Trump told the White House correspondents on Wednesday that Powell was “poor work” and that he had calls with “many people who want this job.”

The president said he would likely not shoot Powell before the end of the Federal Reserve Chairman in May 2026, but added that he would not “rule out anything.” He added that he discussed the capabilities of shooting at him during a meeting with Republicans in the House of Representatives.

Trump asks Republicans in the House of Representatives if he should shoot Powell

Kevin Haysit, Trump’s chief economic advisor, is also working in running for the function of the Federal Reserve Chairman.

Hasit was a loyal defender of Trump’s economic agenda and is currently working as director of the National Economic Council of the White House. Hiacet Doreen was held during the Trump’s first administration and Trump advised on economic policy during the 2024 presidential campaign.

Kevin Haysit, director of the National Economic Council, speaks to media members in the wake of a meeting with the legislators in the American Capitol in Washington, DC, on Monday, April 28, 2025. (Stephanie Reynolds / Bloomberg via Getti Emose / Tire)

Trump told the White House correspondents on Wednesday that he believed that Hasket was “great” when he was asked about Powell’s successors.

Earlier in the week, Pesin said that the administration had started a “official operation” to name the successor of Powell.

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“There are a lot of great candidates, and we will see how much they progress,” Pesin said in an interview with Bloomberg. When asked about the schedule to announce the new Federal Reserve Chairman, Bessent said it was “President Donald Trump’s decision, and he will move quickly.”