Former U.S. President Donald Trump said that he will soon announce his decision on who will lead the Federal Reserve if he wins the 2024 election.
During an interview, Trump mentioned that the decision is “coming soon” and that he already knows who his choice will be. However, he didn’t give any names or a specific timeline for the announcement.
Trump’s comments are drawing attention because the Federal Reserve plays a major role in shaping the U.S. economy.
The chairperson of the Fed is responsible for setting interest rates, managing inflation, and responding to economic challenges. The current chair, Jerome Powell, was appointed by Trump in 2017 and reappointed by President Joe Biden.
Trump has been critical of the Fed’s recent policies, especially its handling of inflation and interest rates. If re-elected, Trump could bring in a new leader who aligns more closely with his economic views.
This has raised questions about how future interest rate decisions might change under a different Fed chair.
Markets and political observers are watching closely, as any change in the Fed’s leadership can have a big impact on everything from mortgage rates to job growth.
Though Trump hasn’t made his choice public, the fact that he’s thinking about it now signals that economic policy will be a major focus in his campaign.
So far, Trump has not revealed whether he would keep Jerome Powell or choose someone new. But his statement that the decision will be out “soon” has added more buzz to the 2024 election discussions—especially among investors, economists, and voters concerned about inflation and the cost of living.