(New York) The appointment of the next president of the Federal Reserve (Fed) is “not imminent,” a spokesperson for the White House, Wall Street Journal, reported that Donald Trump was considering an early appointment.
“There will be no imminent decision, even if the president has the right to change his mind,” said the spokesperson.
According to the financial daily, the American president has been studying, for a few weeks, the possibility of an appointment in September or October, while the mandate of the current president of the Federal Reserve (Fed), Jerome Powell, did not end until the end of May 2026.
According to an anonymous source quoted by the Wall Street Journal, Donald Trump’s animosity towards Jerome Powell would have reached a point that the billionaire could even decide this summer.
For months, the American president has been asking the central banker to lower Fed interest rates to stimulate the economy of the United States.
But the institution has not changed its rates since December and its last stroke, the third in four months.
The members of the Fed Monetary Policy Committee play patience because they fear the possible effects of customs duties on inflation.
“I find that he is someone completely stupid,” said Donald Trump, about Jerome Powell on Wednesday, which he had named in 2017 at the head of the Fed.
Announce several months in advance the name of his successor would break with uses. Several observers believe that it could be a maneuver to weaken Jerome Powell’s end of mandate.
On Wednesday, Donald Trump said he stopped on “three or four” candidates.
According to the Wall Street Journal, the list includes the governor of the Fed Christopher Waller, the former governor Kevin Warsh, the president’s main economic adviser, Kevin Hassett, and the former director of the World Bank, David Malpass.
