Former U.S. President Donald Trump recently stated that he will "soon" announce the candidate for the next Federal Reserve Chairman. Although the current Chairman Jerome Powell's term does not end until May 2026, Trump has clearly expressed his dissatisfaction with Powell, criticizing him for being slow to act on interest rate cuts, referring to him as "Mr. Too Late," and calling for an immediate one percent rate cut from the Federal Reserve.

When asked about potential successors, Trump mentioned former Federal Reserve Governor Kevin Warsh, calling him "highly respected" and suggesting he is a "highly valued" candidate. Warsh served as a Federal Reserve Governor from 2006 to 2011 and is one of the youngest governors in the history of the Federal Reserve. He played a key role during the financial crisis and has held positions in Trump’s transition team for his second term.

Although Trump previously stated that he would not dismiss Powell before the end of his term, he has repeatedly criticized Powell's monetary policy stance and hinted at possibly applying pressure by announcing a successor in advance. This practice has raised concerns in the market regarding the independence of the Federal Reserve, with some analysts warning that Trump's intervention could undermine investor confidence in the next Federal Reserve Chairman, thereby affecting the effectiveness of future monetary policy.

Currently, Trump has not officially announced a successor, but he has indicated that he has a fairly clear idea of the candidate and will announce it soon. This decision could have a profound impact on the direction of U.S. monetary policy and financial markets.