Trump Says Jerome Powell’s Fed Successor May Already Be Picked

‘I’d love to get the guy currently in there out right now, but people are holding me back,’ President Donald Trump told reporters.

Federal Reserve Chair Jerome Powell arrives to speak at a news conference following the Federal Open Market Committee meeting in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times

President Donald Trump said on Nov. 18 that he may have already selected his pick to replace Federal Reserve Chair Jerome Powell.

“I think I already know my choice,” Trump told reporters during a bilateral meeting in the Oval Office Tuesday with Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman Al Saud. “We have some surprising names, and we have some standard names that everybody’s talking about. And we may go the standard way. It’s nice to, every once in a while, go politically correct.”