Trump Hints at Firing Powell, Delays Fed Chair Pick Amid Criticism

• Donald Trump hinted he 'might still' fire current Fed Chair Jerome Powell, whom he previously tried to oust.
• Trump stated he has a preferred candidate for the next Fed Chair but will announce the pick in 'January sometime'.
• He has been a vocal critic of Powell, desiring more aggressive interest rate cuts to lower mortgage costs.
• Potential candidates for the Fed Chair include Kevin Hassett, Kevin Warsh, Christopher Waller, Michelle Bowman, and Rick Rieder.
• Trump also mentioned considering a 'gross incompetence' lawsuit against Powell related to a Fed renovation project.

Why It Matters: Trump continues to criticize Powell and hints at his removal while delaying the next Fed Chair announcement.