Trump to Announce Fed Chair Pick Next Week Amid Powell Feud

• Donald Trump will announce his choice for the next Federal Reserve Chair next week, replacing Jerome Powell whose term ends in May 2026.
• Trump has frequently criticized Powell for not cutting interest rates more aggressively, leading to a tense relationship.
• Powell defends the Fed's independence, stating monetary policy is guided by economic data, not political pressure.
• A DOJ criminal investigation into Powell's congressional testimony on a Fed renovation project is seen by many as politically motivated.
• Trump's decision will significantly influence US monetary policy, with several candidates like Rick Rieder and Kevin Hassett under consideration.

Why It Matters: Trump will name his Fed Chair pick next week, signaling a potential shift in US monetary policy.