Unverified reports emerged during the Trump administration suggesting President Donald Trump considered replacing Federal Reserve Chair Jerome Powell.
The potential replacement candidate identified in these unconfirmed reports was Treasury Secretary Steven Bessent. President Trump was reportedly dissatisfied with Powell’s monetary policy decisions at the time.
However, the White House never commented on these specific personnel considerations, and the Treasury Department also did not provide confirmation regarding the alleged replacement plans involving Secretary Bessent and Chair Powell.
The information circulating remains uncorroborated, and no formal announcement regarding any attempt to replace Chair Powell was ever made during the referenced period.