US President-elect Donald Trump has stated he has no plans to replace Federal Reserve Chairman Jerome Powell once he returns to the White House. In comments about trade, Trump did not rule out tariffs but warned they could raise prices for Americans. Powell’s term as Fed chair expires in May 2026 and he previously indicated he wouldn’t step down early if asked by Trump.
Source: https://www.bloomberg.com/news/articles/2024-12-08/trump-says-on-nbc-he-has-no-plans-to-replace-powell-as-fed-chair