Image Credit: Kevin Dietsch / Staff / Getty 
President Donald Trump is set to announce his nominee for Federal Reserve Chairman on Friday. Interestingly, Friday marks exactly a year since Trump lashed out at the current Chairman for causing the inflation crisis.
“I’ll be announcing the Fed chair tomorrow morning,” Trump said at the Kennedy Center on Thursday.
Reportedly, Trump is leaning toward nominating Kevin Warsh.
“It all started a little after 7pm ET when, refuting a previous report that he would announce the next Fed Chair next week, Trump said that he would unveil his pick for Powell’s replacement on Friday morning,” ZeroHedge reported Friday. “That’s also when the Polymarket odds of Kevin Warsh exploded higher (after a curious reversal we observed an hour earlier, when Warsh overtook Rick Reider, indicating that once again someone knew something ahead of time), following a report from a journalist that ‘Trump met 2day with his two finalists for Fed Reserve chair — and is leaning toward KEVIN WARSH to replace Jerome Powell, I’m told. Nothing is official I’m told. But 1 source close to Trump says Warsh basically has the wink & the nod.”
Trump has been battling current Chairman Jerome Powell over the last year to lower interest rates. In August he demanded Powell leave, but the Chairman refused to go.
Powell, who was nominated to the Federal Reserve Board of Governors in December 2011 by then-President Barack Obama was later nominated as the Fed chairman in 2017 by President Trump, replacing Janet Yellen.
On Thursday Trump issued a statement excoriating Powell for being “too late” in his interest rate reduction policies:
Jerome “Too Late” Powell again refused to cut interest rates, even though he has absolutely no reason to keep them so high. He is hurting our Country, and its National Security. We should have a substantially lower rate now that even this moron admits inflation is no longer a problem or threat. He is costing America Hundreds of Billions of Dollar a year in totally unnecessary and uncalled for INTEREST EXPENSE. Because of the vast amounts of money flowing into our Country because of Tariffs, we should be paying the LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD. Most of these countries are low interest rate paying cash machines, thought of as elegant, solid, and prime, only because the U.S.A. allows them to be. The Tariffs being charged to them, while bringing in $BILLIONS to us, still allows most of them to have a significant trade surplus, though much smaller, with our beautiful, formerly abused Country. In other words, I have been very nice, kind, and gentle to countries all over the World. With a mere flip of the pen, $BILLIONS more would come into the U.S.A., and these countries would have to go back to making money the old fashioned way, not on the back of America. I hope they all appreciate, although many don’t, what our great Country has done for them. The Fed should substantially lower interest rates, NOW! Tariffs have made America strong and powerful again, far stronger and more powerful than any other Nation. Commensurate with this strength, both financial and otherwise, WE SHOULD BE PAYING LOWER INTEREST RATES THAN ANY OTHER COUNTRY IN THE WORLD! Thank you for your attention to this matter. President DONALD J. TRUMP
The President has been criticizing the Chairman since the very first days of his second administration. In January 2025 Trump said:
Powell has been facing legal heat as well.
In July Rep. Anna Paulina Luna announced that she is referring Powell to the Department of Justice for alleged perjury in relation to “his crazy $2.5BN building” – referencing the cost of renovating the banking cartel’s D.C. headquarters.
“I am criminally referring Jerome Powell to the DOJ to investigate perjury regarding his crazy $2.5BN building,” Luna said in a post.
The cost of Powell’s massive makeover dramatically increased from $1.9 billion to $2.5 billion. Notably, 1 billion is 1,000 million. The magnitude of the size of billions was shown in this example:
- A million seconds is 12 days.
- A billion seconds is 31 years.
- A trillion seconds is 31,688 years.
On July 9 Infowars reported how Trump called for Congress to investigate Powell while also calling for the Federal Reserve’s interest rate to be lowered.
Importantly, the Federal Reserve Bank is not federal, there are no reserves and it is not a bank. It is a corporate conglomerate of global shareholders. A banking cartel. The financial entity which sits above the nation state.
