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Trump Aims to Replace Fed Chair, Testing Independence

12/27/2025

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Summary

Story summary

U.S. President Donald Trump plans to replace Jerome H. Powell as chair of the Federal Reserve as 2026 approaches.
He aims to use the Fed as a political tool by emphasizing the need for lower interest rates.
The move will indicate whether the Fed's independence remains intact or has been compromised by political influence.

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Story summary

U.S. President Donald Trump plans to replace Jerome H. Powell as chair of the Federal Reserve as 2026 approaches.
He aims to use the Fed as a political tool by emphasizing the need for lower interest rates.
The move will indicate whether the Fed's independence remains intact or has been compromised by political influence.