US President Donald Trump and his team are struggling to find a new Federal Reserve Chair as they face uncertainty over Jerome Powell’s future plans. Powell has refused to disclose whether he’ll leave the central bank after his term ends in May, or remain on the Fed board until January 2028. This ambiguity has prompted officials to consider multiple scenarios for replacing him, with Trump seeking a chair who will support his economic agenda.
Source: https://www.bloomberg.com/news/articles/2025-07-02/powell-silence-on-his-future-complicates-trump-fed-chair-search