Trump Considering Several Candidates for Next Federal Reserve Chair

‘I know within three or four people who I’m going to pick,’ the president told reporters on Wednesday.

U.S. President Donald Trump speaks during a news conference following the 2025 NATO Summit in The Hague, Netherlands, on June 25, 2025. Omar Havana/Getty Images

President Donald Trump on June 25 said he was considering several people to lead the Federal Reserve amid his frustration with current Chair Jerome Powell.

While speaking to reporters at the NATO Summit on Wednesday, Trump said he has “three or four people” whom he’s considering as the next chair of the Federal Reserve after Powell’s term ends in May 2026.