Trump Says 3-4 People on List to Replace Fed's Powell

PRESIDENT DONALD TRUMP said he has three or four people in mind to succeed Federal Reserve Chair Jerome Powell when his term expires next year.

- BLOOMBERG

"I know within three or four people," Trump said on Wednesday during a press conference at The Hague, where he is attending the NATO summit. "I mean he goes out pretty soon, fortunately, because I think he's terrible."

Trump did not name his potential replacements for the central banker, nor did he lay out a timeline for a decision. Powell's term as chair ends in May 2026. The president said earlier this month that he was considering successors for Powell and that they would come out "very soon."

The dollar weakened against all its major peers in early Asian trade Thursday, with the Bloomberg Dollar Spot Index dipping 0.2%. The Wall Street Journal reported Trump is considering accelerating when he'll announce his pick to succeed Powell.