🏛️ Legislative Update: The “Big Beautiful Bill”
💼 Federal Reserve and Jerome Powell
Trump is publicly pressuring Fed Chair Jerome Powell to resign immediately, criticizing the Fed’s refusal to lower interest rates.
He accuses Powell and the Fed Board of failing in their duties, claiming they are costing the country trillions in interest.
Trump has hinted at having “two or three” candidates in mind to replace Powell, including:
Kevin Warsh (former Fed governor)
Kevin Hassett (former NEC Director)
Scott Desantis (Treasury Secretary)
Christopher Waller (former World Bank President and Fed governor)
Trump may announce a replacement as early as September or October, or wait until a 2026 Fed Board vacancy.
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