Posted on 11/25/2025 9:34:18 AM PST by DFG
There is “a very good chance” that President Trump names a replacement for Fed Chair Jerome Powell by Christmas, Treasury Secretary Scott Bessent said Tuesday.
Bessent, who has been leading search efforts for a new Fed leader, told CNBC he still has one interview left and is not ready to speculate on who might succeed Powell, whom Trump has said he’d “love” to fire.
“I think there’s a very good chance that the president will make an announcement before Christmas,” said the Treasury secretary.
“But it’s [Trump’s] prerogative, whether it’s before the Christmas holidays or in the new year. But I think things are moving along very well.”
Finalists for the role reportedly include National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, current Fed Governors Christopher Waller and Michelle Bowman, and Rick Rieder, chief investment officer of global fixed income at BlackRock.
Trump has been eager to replace Powell – whose term expires in May 2026 – after months of blasting the Fed chairman for not slashing rates quickly enough.
Last week at the US-Saudi Investment Forum in Washington, DC, Trump said Powell has “mental problems” and he would love to “fire his ass,” but Bessent is holding him back.
As the audience of investors, tech bros and foreign leaders laughed, Trump urged Bessent – who was in the crowd – to “work on this guy,” adding: “The rates are too high, Scott. And if you don’t get it fixed fast, I’m going to fire your ass, okay?”
“If you were in the room, he was joking,” Bessent told CNBC on Tuesday. “We’ve gotten to this point where monetary policy has gotten very complicated, and it’s more than just cutting rates.”
(Excerpt) Read more at nypost.com ...
High rates lower inflation and promote savings.
Low rates raise inflation and encourage borrow & spend.
I'm certainly no expert, but I see the entire global economic system as a complete house of cards. It's all debt. There is no way out. We just limp and limp and limp forward. It's going to come crashing down at some point. They will try to force us to a cashless CBDC system as a way to magically make debt go away, but I don't think that's going to work. It's all "gotten very complicated".
Jerome Powell cut interest rates to help Biden before the election. President Trump knows hes a corrupt tool of the ‘blob’ deep state.
I hope the new Fed-Head looks forward instead of backward.
I see two rate cuts coming anyway.
It’s a shame he didn’t know when he appointed him in the first place!
That’s not how Art-of-the-Deal Trump works.
He puts in places of power people for various reasons, including bad guys, to test them and force them to reveal themselves.
Just because he names a replacement doesn’t mean it take effect immediately.
“Powell – whose term expires in May 2026”
That little weasel Powell can do a lot of damage between now and then.
Unfortunately President Trump was not supposed to defeat the ‘mainstream’ globalists pre-chosen installment to the Presidency, the wicked Moloch worshiping Madame. He then took far too much advice from Bush family tools, many who were much worse than even what the Obama holdovers would’ve contrived to sabotage his presidency.
Look at that monster Fauci, along with scarf lady. Nothing they said or did was not part of some larger PSYOP to distract and shut him down which they succeeded in doing. Or Bill Barr, Bush tool, Brett Kavanaugh Bush tool, McMaster, Bolton, even Pence, list goes on and on.
I thought Powell was gone in January..😣
Interest rates for mortgages inthe 5% range is not too low given the need to make it easier for young people to enter the housing market.
I took my first mortgage in October 2001. It was 7.4%. I refinanced a year later to under 5%. I refinanced again and am now at 3.5% & paying off ASAP.
We had low rates for way too long.
I agree, and it so sad for people who save all of their lives only to see their savings worth a fraction of what they were once worth. It is theft.
“Jerome Powell has agreed to step down as chair of the Federal Reserve following relentless attacks from President Trump and his inner circle, according to a statement released by Billy Pulte, the current head of the U.S. Federal Housing Finance Agency.”
Powell is leaving very soon.
“I agree, and it so sad for people who save all of their lives only to see their savings worth a fraction of what they were once worth. It is theft.”
Everyone has to beat inflation and always has. It’s easier than beating deflation so that’s a good thing. Carter got inflation to 20%, we survived and prospered anyway.
Inflation isn’t a problem, it’s a varying constant always with us. What we do or don’t do to beat it is what matters.
Yeah, he wants a Fed Chief who will ruin the economy for HIS benefit.
The market sets the rates. And the market is not signaling a need for lower rates. It’s as if Trump gets disappointed with good economic news.
Watch, he will try to re-set the gold rate so they can borrow MORE money.
Trump is no fiscal conservative. He is a debt monger. He always has been.
Check
Everything in the New Order will revolve around digital currency - programmable money.
All they have to work with are rates at or below 5% and then they yin and yang it up and down to faux prime the economic engine over and over, this ballooning process is losing steam pushing on a rope.
I would like to be wrong, but the only way the globalist bankers will allow gold to fully function is for it to become wrapped inside their newly created digital global reserve basket of currencies, which also means the USA global reserve dollar is done. USA power would be over with it, which is exactly what they want to happen, but only when their ready for it.
We shouldn’t have to beat inflation. And we should not have to risk our savings to try and beat it. We earned the money and it should always be worth the the work that went into it.
Look where the inflation games have taken us. Now the mint no longer prints pennies. It will be nickles next. And you see that as a good thing.
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I have been reading Trump's support of the blockchain/crypto economy as a direct challenge to the money cartel.
This would be a historic shift in world power towards the Trump-led (at the moment) American corporatist oligarchy and away from the BIS-centered globalist banking system.
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