
President Trump now states he will announce Jerome Powell’s successor as Federal Reserve chair tomorrow morning U.S. time, adding urgency to the highly anticipated decision.
U.S. President Donald Trump has moved up the timeline for naming the next Federal Reserve Chair, declaring he will reveal the nominee tomorrow morning local time, which is tonight in Beijing. This accelerates the announcement from the previously expected next week, ending speculation over Jerome Powell’s successor whose term ends in May 2026. Trump’s earlier remarks calling for interest rate cuts of 2 to 3 percentage points continue to signal the potential policy direction under the new chair.