{"id":108534,"date":"2025-10-28T14:27:10","date_gmt":"2025-10-28T14:27:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/108534\/"},"modified":"2025-10-28T14:27:10","modified_gmt":"2025-10-28T14:27:10","slug":"trump-slams-fed-chair-eyes-replacement-in-a-few-months-3","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/108534\/","title":{"rendered":"Trump slams Fed chair, eyes replacement in a few months"},"content":{"rendered":"<p>TOKYO (Reuters) -U.S. President Donald Trump on Tuesday said there was a long list of people who could take over the Federal Reserve, slamming current chairman Jerome Powell as the central bank prepared to meet this week.<\/p>\n<p>\n              &#8220;We have an incompetent head of the Fed&#8230; we got a bad Fed guy, but he&#8217;ll be out of there in a few months, and we&#8217;ll get somebody new,&#8221; Trump told business leaders at a dinner in Tokyo during his week-long trip to Asia. Powell&#8217;s term ends in May. <\/p>\n<p>\n              The Republican president added that he had wanted Scott Bessent to take over the U.S. central bank but that his Treasury chief declined: &#8220;I&#8217;m thinking about him for the Fed&#8230; but he won&#8217;t take the job. He likes being Treasury (secretary), so we&#8217;re not thinking about him really.&#8221;<\/p>\n<p>\n              On Monday, Bessent told reporters there were five finalists: White House economic adviser Kevin Hassett, former Fed Governor Kevin Warsh, current Fed Governor Christopher Waller, Fed Vice Chair for Supervision Michelle Bowman and BlackRock executive Rick Rieder.<\/p>\n<p>\n              Bessent has said he will present the top candidates to Trump in December. <\/p>\n<p>\n              At their meeting this week, Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs for the second time this year in an effort to prevent further slowing in the labor market. <\/p>\n<p>\n              (Reporting by Trevor Hunnicutt; additional reporting by Susan Heavey in Washington; Editing by Katharine Jackson and Chizu Nomiyama )<\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO (Reuters) -U.S. President Donald Trump on Tuesday said there was a long list of people who could&hellip;\n","protected":false},"author":2,"featured_media":108535,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60,123],"class_list":["post-108534","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/108534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=108534"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/108534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/108535"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=108534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=108534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=108534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}