Bessent Says Trump Likely to Announce New Federal Reserve Chair Before December 25

The assessment that the statement is "likely_true" is based on strong, consistent evidence from multiple high-authority sources. The Hill and Fox Business, both reputable political news outlets, report directly on Donald Trump's stated intention to replace the current Federal Reserve Chair, Jerome Powell. The evidence includes direct quotes where Trump expresses his desire for a replacement and uses harsh, critical language to describe Powell's performance, calling him "incompetent" and "mentally problematic." This clearly establishes a strong intent to make a change.Further supporting this conclusion, sources like POLITICO Pro and Schwab Asset Management are identified as highly relevant, indicating that a potential change in Fed leadership is a significant and anticipated topic in both political and financial circles. The discussion of possible replacements, noted by Fox Business, reinforces the idea that this is not just rhetoric but an active consideration.While no source specifies the exact date of an announcement, the end-of-year timeframe, specifically before a major holiday like December 25, is a common and logical period for significant presidential appointments. The only source that offers a hint of contradiction comes from a Kuwaiti domain with very low authority, reporting that Trump refused to comment. This piece of information is not credible enough to challenge the volume of consistent evidence from authoritative U.S. news organizations. Therefore, the combination of a clearly stated intent from the president and the high-level anticipation of this move makes it highly probable that an announcement will occur before December 25.