Trump Predicts Jerome Powell’s Exit from the Fed
Former U.S. President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell, saying the current head of America’s central bank is either “incompetent or just a bad person.” Trump predicted that Powell will step down within “a few months,” reigniting speculation about future leadership at the Fed.
The comments arrive amid heightened debate over monetary policy and inflation, as Powell faces growing scrutiny over interest rate decisions and market stability.
Scott Bessent as Potential Candidate
Trump mentioned that investor Scott Bessent, founder of Key Square Group, could be a strong candidate for the position of Fed Chair. “I consider him, but he doesn’t want the job,” Trump said, calling Bessent’s reassurance to markets “a positive sign of stability.”
Bessent, known for his experience as a macro investor, has previously advised political and financial figures, adding weight to Trump’s statement.
Upcoming Meeting with Xi Jinping
Trump also confirmed that his meeting with China’s President Xi Jinping is scheduled for Thursday. He expressed optimism about the talks, saying he believes “it will go well.”
The meeting is expected to address economic cooperation, trade relations, and potential collaboration on global financial stability, further signaling Trump’s continued influence on international and economic discourse.
