Trump says decision on Fed chair will be out soon

[BumRushDaShow]

Source: Reuters

June 6, 2025 7:12 PM EDT Updated 12 hours ago


WASHINGTON, June 6 (Reuters) - President Donald Trump said on Friday that a decision on the next Federal Reserve chair will be coming out soon, adding that a good Fed chair would lower interest rates.

"It's coming out very soon," Trump told reporters on Air Force One.

When asked specifically about former Fed governor Kevin Warsh, Trump said, "he's very highly thought of." Warsh is considered a frontrunner to be Trump's pick to be the next Fed chair.

Earlier on Friday, Trump said the Federal Reserve should cut interest rates by a full percentage point and he reiterated his view that Chair Jerome Powell has been too slow to lower borrowing costs.

Read more: https://www.reuters.com/world/us/trump-says-decision-fed-chair-will-be-out-soon-2025-06-06/

---

Powell's term would be up in May 2026.

[bucolic_frolic]

1. So Trump's going to try to ram this through.

Not going to happen.

[no_hypocrisy]

2. And what if Chair Jerome Powell refuses to leave?

[KPN]

17. If so, we should all signal our 1000% percent support to and for him, every which way we can.

[Irish_Dem]

3. His newest partner in crime and new hire for the Trump Crime Syndicate.

How will this guy help Trump and the billionaires further loot the entire US govt and people?

[gab13by13]

8. By weakening the dollar.

The super rich want to play around in a Crypto currency. I would not be surprised if they are working towards ending the dollar as the world's currency.

[Irish_Dem]

15. This is also the goal of China and Russia.

China has been planning for some time for the Yuan to be the global currency.
They have been buying huge amounts of gold for years now.
And hope to float the Yuan soon and tie it to global markets.

The global billionaires and fascist govts have united to bring down the US
and make a huge profit. US is like a giant garage sale now.

[speak easy]

4. Mike Lindell for the Fed!

[DENVERPOPS]

24. Or

I understand Sarah Palin is still available to add to Trump's collection of Bozos and Bimbos..........She could room with Bang-Bang Boebert seeing as they have the same basic morals............

LOL

[speak easy]

26. :banghead:

Sarah is the obvious choice. She reads all the financial press.

[DENVERPOPS]

28. Miss Slut-Butt,

in her interview when she was VP candidate, couldn't name ANY magazine or paper she read at any time, much less on a regular basis.........

[speak easy]

29. Exactly.

She said she reads 'all of then'.

[JBTaurus83]

5. And if a Dem wins

In 2028, we will be stuck with this person sabotaging us.

[BumRushDaShow]

6. That's only if they stay in the position for the term

45 tends to have a revolving door of people as they find they can make way more money in the private sector.

[KPN]

18. Not what's his name who the fat asshole appointed as head of the USPS. He stayed on almost another 4 years, and f'd

with Postal Service performance every day along the way in the name of "efficiency" (read: undermining successful performance of its purpose).

Regardless, Powell should resist any effort to replace him until his term is expired. And the rest of us should support and profess that support for as well as to him if for no other reason than to resist and infuriate the dipshit asshole in the WH.

ps- oh, and while I'm here, I really should say thanks for all that you post BumRushDS. you're becoming my primary and preferred news of importance source!

[BumRushDaShow]

20. "Not what's his name who the fat asshole appointed as head of the USPS"

Only the Postal Board members have a term limit and the Postmaster General doesn't have a term. So as long as the board kept him there, DeJoy could have remained, but he left once his job was done.

And most welcome! I generally am reading "news" or listening to it on the radio so when I see stuff, I try to post it!

[DENVERPOPS]

25. You are developing

quite a loyal and appreciative fan club Bum Rush.......

[gab13by13]

7. Why can't Krasnov fire Powell?

Just because it is illegal isn't a good enough reason anymore. Why would Krasnov talk about Powell's replacement so soon unless he was planning on firing him, or unless during his meeting with Powell he threatened his life?

Krasnov wants those interest cuts to weaken the dollar and strengthen Crypto. he is talking a 1% interest cut which is only done in times of recession.

Krasnov has made at least 3 billion dollars this year from Crypto. Right now the super rich are meeting in a remote place in Montana and my guess is it has to with Crypto. The super rich talk about Montana being the capital of Crypto.

All of Krasnov's economic decisions have been decisions designed to weaken the dollar and strengthen Crypto.

[gab13by13]

9. Think I am overboard about Crypto?

The Senate right now is debating the Genius Act. If a bank would fail, the Genius Act would mandate that cryptocurrency investors are paid first ahead of regular investors.

The Genius Act will create a direct pipeline from FDIC-insured deposits to uninsured cryptocurrency investments.

Why are Senate Magats pushing the Genius Act? Give me a good reason.

[JCMach1]

22. It's about protecting Stable Coins that are pegged to currencies like $

Technically, there is supposed to be 1-1ratio of coin to dollar.

Not a bad idea that those laws are codified.

Great idea, but still allows for bank rugpulls that defraud borrowers.

In fact, we need to separate banks from crypto exposure just like that.

[Bengus81]

10. Trump didn't care that Powell barely lowered interest rates in Biden's last year

But NOW, just 130+ days into this regime the Fuhrer wants Powell ejected for not...em lowering interest rates.

[gab13by13]

11. It is all about weakening the dollar and strengthening Crypto.

[JohnnyRingo]

12. Trump hasn't totally wrecked the economy yet.

I'll give him credit for sticking with the job until it's done.

[gab13by13]

14. The stock market is booming

Project 2025 is ahead of schedule, the economy for the rich is on track.

The super rich want to play around in cryptocurrency and let AI solve all their problems while they party in their fortified compounds.

Wrecking the economy for the poor may take a little longer since Magats control the numbers/data.

[Tennessee Hillbilly]

13. Firing Powell could cause a stock market crash

trump has been warned that this would happen, otherwise he would have already fired Powell.

See this article
https://www.marketwatch.com/story/if-trump-fires-powell-it-would-blindside-wall-street-and-rattle-financial-markets-4b21833c

[Tarzanrock]

16. It's nothing but an illusory band-aid for a 12 guage shotgun gunshot wound to the gut of the country.

The Turd's failed and insane "tariffs" based economy is rapidly swirling around the toilet doomed to failure. Inflation/Stagflation and Unemployment/underemployment are rapidly rising as a proximate result of the Turd's failed economic policies. The American people see these economic failures because everything they now purchase in every store today has increased in pricing by about 25+% and the pricing is going to go up higher and shortages of goods will soon be appearing on the shelves. I see this online and in the grocery store. For example, shirts which were priced at $98 dollars a few months ago are now priced at $125 dollars. All standard items I purchase in the grocery store have increased pricing by a dollar or more just from a month ago. The only economic policies which the Turd has left is to whine, cry and blubber nonsensically about are the interest rates and the claimed need to slash the interest rates. Slashing the interest rates and giving discounted government monies to the banks to lend out at cheaper rates is illusory because such economic conduct will not only increase the debt but it is also going to increase the rising inflation/stagflation and unemployment problems which the country is now facing. Having the 25% interest rate on your already maxed-out credit card will have little effect on the price of the item which you want to purchase online or at the store which has been raised by 1.5x as a result of the failed insane tariffs policies of the Turd. It's just kicking the economic can of abject failure a little further down the road.

[617Blue]

19. Markets will tank if he tries to illegally force Powell out. He's a moron. nt

[jgmiller]

21. While the chairman is important remember all of the board members vote

and they aren't shy about talking about their votes. So even if he were to somehow replace Powell before May '26 with a lunatic if the chairperson ignores the vote of the members then wall street will lose it's mind, it will make the tariff stuff look like child's play.

[D. Spaulding]

23. He's likely going to appoint someone

like Mike Lindell to the position.

[AnnaLee]

27. Ok, let's just assume

Let's predict the consequence of privatization of the dollar. Does everyone's paper debt and savings just go puff if it is in dollars? If so, that is one way to eradicate the taxes on the rich that is needed to pay off the debt. What debt? Also, what a way to do some China retailation (assuming China is stupid enough to be the last holding dollar denominated debt).