Trump muses about appointing himself to lead Federal Reserve in new attack on Powell

US President Donald Trump has again criticised Federal Reserve Chairman Jerome Powell, saying the man he put in the role during his last term had done a poor job. Trump’s remarks on June 18, 2025, came just before the US central bank announced its decision to hold interest rates steady for a fourth consecutive time. Powell said that despite elevated uncertainty, the country’s economy was “in a solid position”. While criticising Powell for not cutting rates, Trump mused about appointing himself to lead the Fed, claiming that he would do a “much better job than these people”.