Trump says he's weighing '3 to 4' candidates to replace Fed chair Powell

U.S. President Donald Trump said on Wednesday that he is considering three to four candidates to replace Federal Reserve Chair Jerome Powell.

Speaking at a press conference following a NATO summit in The Hague, Trump did not name any specific individuals but strongly criticized Powell and emphasized the need for a change in leadership at the Fed.

The remarks came amid tensions between Powell and Trump over interest rate policies.

This week, Powell criticized Trump's tariff policies during a congressional testimony and indicated that the central bank plans to hold interest rates steady for now to control inflation.

Powell's current term as Fed chair runs through May 2026.