Back to today’s briefing

Story perspectives

Trump Considers Early Fed Chair Replacement, Markets Rattle

6/12/2025

41 10

Summary

Story summary

President Trump is poised to shake up the Federal Reserve by potentially replacing Chair Jerome Powell before his term officially ends in 2026. With Treasury Secretary Scott Bessent emerging as a frontrunner, Trump's frustration with Powell's policies could trigger an early nomination, stirring uncertainty in U.S. monetary policy and rattling financial markets.

1 of 1

Story summary

President Trump is poised to shake up the Federal Reserve by potentially replacing Chair Jerome Powell before his term officially ends in 2026. With Treasury Secretary Scott Bessent emerging as a frontrunner, Trump's frustration with Powell's policies could trigger an early nomination, stirring uncertainty in U.S. monetary policy and rattling financial markets.