President Donald Trump set off a fresh firestorm in Washington on Wednesday, telling reporters he’s considering appointing himself as the next Federal Reserve Chair—an unprecedented move that could send shockwaves through the global economy.
“We have a stupid person, frankly, at the Fed,” Trump declared from the White House driveway, blasting current Fed Chair Jerome Powell just moments after the central bank announced it would keep interest rates unchanged at 4.3 percent. “I call him ‘Too Late’ Powell, because he’s always too late.”
Trump, never one to mince words, took his criticism further by openly speculating about grabbing the Fed’s top job for himself. “Maybe I should go to the Fed,” he mused, turning to Interior Secretary Doug Burgum for a second opinion. “Am I allowed to appoint myself, Doug? I don’t know.”
He doubled down on the idea: “Am I allowed to appoint myself at the Fed? I’d do a much better job than these people.”
Trump’s Fury at Fed: A Brewing Showdown
The president’s latest outburst comes after months of frustration with Powell, who has resisted Trump’s repeated demands to slash interest rates in an effort to supercharge economic growth and boost markets ahead of the 2026 elections. “The Fed just doesn’t listen,” Trump complained last month, calling the central bank “out of touch.”
Financial experts say Trump’s saber-rattling isn’t just political theater. “Markets rely on the independence of the Fed,” said Wall Street economist Ray Mathis. “When a president threatens that, it injects massive uncertainty and risk.”
Earlier this year, Trump triggered panic among investors after he demanded Powell’s removal—a move the Supreme Court has since said is legally impossible until Powell’s term ends next year. Ironically, Powell was first appointed to the powerful post by Trump himself back in 2017.
Tariff Tensions and Rate Cut Drama
Powell, meanwhile, is caught in the crossfire. At a tense press conference Wednesday, he warned Trump’s unpredictable tariff policy is driving prices higher and threatening economic growth. “Tariffs are likely to push up prices and weigh on economic activity,” Powell told reporters, projecting inflation to spike from 2.1 to 3 percent by the end of the year.
Still, the Fed signaled it might deliver two rate cuts later this year if the economy slows—though Powell emphasized any action will depend on how Trump’s tariffs play out. “The economy is expanding at a solid pace,” Powell said, but warned, “the situation is fluid.”
Political Pressure Rises
As Trump ramps up his attacks, Democrats and even some Republicans are warning of dire consequences if the White House tries to meddle in central bank policy. “If Trump names himself Fed Chair, it would be a constitutional crisis,” one Senate staffer told us. “The markets would go berserk.”
For now, Trump’s self-appointment remains a headline-grabbing idea—but in the wild world of Washington, anything seems possible.
Discover more from Next Gen News
Subscribe to get the latest posts sent to your email.
Hey dumbbell. Trump was just kidding around. I saw the interview. He knows he can’t be the federal reserve chairman.
Trump is great at everything, would make a great fed chair…
b uzz, he filed bankruptcy 6 times. he’s terrible about numbers. i’d be a nightmare. get your psa checked. i n
Fed Chair… do any of you actually know that the fed is NOT a governmental agency but privately owned? Do you know why our money says on it Federal Reserve Note on it? Because Under our constitution only the congress can create currency!! Do at least if Trump was chair an elected government official would run the central bank!!
Gen new and the view are so anti American 🇺🇸 and racist So discussing
Trump cannot appoint himself chairmen of the Fed. The present chairman’s term must expire and the then president can appoint a replacement.. The Fed was set up to be independent of politics.