Trump to Name New Federal Reserve Chairman Next Year as Powell Declines Fed Post

COINOTAG News, December 3, reported that President Trump indicated he will nominate a new Federal Reserve chairman early next year, with Powell reportedly not seeking the post. The report, circulated by FX168, signals a potential leadership transition at the central bank ahead of upcoming policy reviews.

Markets are likely to scrutinize the nomination timeline, as Fed leadership changes can influence monetary policy expectations, interest-rate paths, and balance-sheet considerations. Investors will await official nomination and Senate confirmation to calibrate risk premia and the central bank’s forward guidance.