Federal Reserve Chair Jerome Powell speaks at a news conference in Washington, on Oct. 29, 2025. Madalina Kilroy/The Epoch Times
President Donald Trump said on Jan. 22 that he will soon announce his choice to lead the Federal Reserve after repeatedly criticizing outgoing Fed Chairman Jerome Powell for keeping interest rates too high, and signaling he wants a new central bank chief who will move faster to cut rates.
While speaking to reporters aboard Air Force One, Trump declined to name his pick, but said the person was widely known and respected.
