Federal Reserve governor Stephen Miran has stepped down from his position as chair of the White House's Council of Economic Advisers, ending a controversial arrangement where he held positions at both...

In his second term, however, Mr. Trump has grown increasingly critical of Powell, regularly disparaging the Fed chief and pressing him to lower interest rates.

President Trump selected Kevin Warsh as his Fed chair nominee days after the Federal Reserve kept interest rates unchanged for its first policy meeting of 2026.

“Warsh isn’t thought to be in the dramatic US interest-rate cut camp to the extent that President Trump desires,” Dewsnap said.