Opinion: Trump may announce the new Federal Reserve Chair tonight

GateNews

2026-01-28 13:52:19

BlockBeats News, on Tuesday, January 28, during a speech in Iowa, U.S. President Trump stated: “I will soon announce the Federal Reserve Chairperson.” How soon is “soon”? Market speculation on this is intensifying.

Market analyst Ghiles Guezout said that this announcement could come as early as today. According to several news reports released in recent weeks, Trump has indicated that he has “already” made a decision on Powell’s successor.

Financial website Investinglive analyst Eamonn Sheridan also stated that Trump’s official announcement timing might have been deliberately scheduled during the Federal Reserve’s January policy meeting. This move has strategic intent; if the Fed does not cut interest rates this time, announcing the Fed Chairperson during the meeting would allow the White House to influence policy direction. The Federal Reserve FOMC will announce the rate decision at 03:00 Beijing time on Thursday. (Jin10)

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