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The Economic Times

Top News / The Economic Times

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Trump says to announce new US Fed chair 'next week'

Trump's comments at a cabinet meeting came after months of his escalating pressure on the independent central bank, with the president again slamming Powell as a moron for not slashing rates more quickly earlier in the day. Powell's term at the helm of the Fed ends in May, and Trump has been due to unveil his replacement ahead of this deadline.

30 Jan 2026 1:14 am