Trump teases Fed Chair announcement for Friday at Melania film premiere
WASHINGTON, DC - JANUARY 29: U.S. President Donald Trump and first lady Melania Trump attend a screening of the documentary film “Melania” at The Kennedy Center on January 29, 2026 in Washington, DC. “Melania” was directed by Brett Ratner, and Amazon paid $40 million to license the film, which follows the first lady in the twenty days before her return to the White House. (Photo by Samuel Corum/Getty Images)
WASHINGTON (TNND) — President Donald Trump said he will be announcing Federal Reserve Chair Jerome Powell's successor on Friday.
"It's a person that won't be too surprising to people," Trump said.
He added that the person is "respected" and" known to people" in the financial world.
Trump teased that the person was on his "reasonably" short list.
He told the press at the red carpet for the film release of "Melania."
On Wednesday, Powell kept interest rates steady at 3.6%. Cuts were made three times in 2025.
When asked, Powell advised any successor to stay out of politics.
"Honestly, I'd say a couple of things. One is stay out of elected politics. Don't get pulled into elected politics. Don't do it," Powell said.
