Reported about 12 hours ago
As President Trump considers replacements for Federal Reserve Chair Jerome Powell, the situation is complicated by Powell's reluctance to confirm whether he will step down when his term ends in May. Trump's administration is preparing for various scenarios, as they seek a chair aligned with his economic policies. Recently, discussions have arisen regarding potential dual roles for the Treasury Secretary and Fed Chair, an unprecedented move since 1935. The political tension surrounding the Fed's leadership is notably high, affecting Trump's options for appointing a compliant successor.
Source: YAHOO