Trump's top economic advisor says White House is studying ways to replace Fed chair Powell

Kevin Hassett, President Trump’s top economic adviser, revealed on Friday that the White House is studying ways to replace Federal Reserve Chair Jerome Powell.

Kevin Hassett, chair of the White House National Economic Council, said that the president and his team "will continue to study” the matter. 

Trump criticized Powell on Thursday for not cutting interest rates and said he could not wait for Powell's “termination.”

Powell's current term ends May 15, 2026.