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Reading: Trump decides on Powell successor as head of the Federal Reserve
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NewsWorld

Trump decides on Powell successor as head of the Federal Reserve

Selection based on merit and experience criteria

مدحت الشيخ
Last updated: 17/01/2026 12:07 pm
Medhat Elsheikh
مدحت الشيخ
ByMedhat Elsheikh
News Editor
Medhat El-Sheikh, editor-in-chief of the Voice of Emirates News Agency office in Cairo, is a seasoned Egyptian journalist with extensive experience both within Egypt and abroad....
- News Editor
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Trump decides on Powell successor as head of the Federal Reserve
Trump decides on Powell successor as head of the Federal Reserve (Photo/Archive)
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Washington, DC – US President Donald Trump announced that he has made his final decision regarding who will succeed Jerome Powell as Chairman of the Federal Reserve. He confirmed that the official announcement will be made at the appropriate time.

In a press statement, Trump said that the next phase requires monetary leadership capable of addressing current economic challenges. These challenges include inflation, interest rates, and market stability.

He emphasized that his choice was based on criteria of competence and experience.

He also affirmed that he focused on the ability to make independent decisions that serve the American economy.

The US president added that his administration’s economic policy focuses on supporting growth, stimulating investment, and maintaining the strength of the dollar. He noted that the next Federal Reserve chair will be pivotal in implementing this vision.

This statement comes as global markets and investors await the White House’s decision on Powell’s successor. The position has a significant impact on US monetary policy, and its repercussions affect the global economy and financial markets.

TAGGED:Global economyhead of the Federal ReserveinflationInterest ratesJerome PowellMarket stabilityServes the American economyTrump
SOURCES:Voice of Emirates
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