Trump Says He Still Might Fire Powell as Fed Chair Pick Looms

President Donald Trump has suggested that he may fire Jerome Powell, the current Chair of the Federal Reserve, while hinting at a preferred candidate to replace him. However, Trump stated that he is in no rush to make an announcement regarding the Fed Chair position. The article notes that Trump has repeatedly criticized Powell and the Fed's interest rate hikes, which the president believes have hindered economic growth. Despite this, Trump acknowledged that he would need to wait until Powell's term expires in 2022 before making any changes to the Fed's leadership. The article also suggests that Trump's potential nominee for the Fed Chair role could face significant hurdles in the Senate, where confirmation would be required. Overall, the article highlights the ongoing tension between the president and the central bank, as well as the uncertainty surrounding the future leadership of the Federal Reserve.