More policymakers appear to be joining that camp following the most recent data that showed far less monthly #jobs growth since the start of the summer than initially expected. But signs that #inflation is accelerating more than is already forecast could disrupt any plan to lower #InterestRates at the #FederalReserve’s next meeting in September. Earlier this summer, #JeromePowell conceded that were it not for #tariffs, the Fed likely could have reduced borrowing #costs already.

That approach has attracted significant criticism from #Trump, who has taken to directly insulting #JeromePowell, the chair of the #FederalReserve, as well as the powerful Board of Governors that he heads.

Trump last week announced that he would install a temporary governor to join the board, which votes on #InterestRates at every policy meeting.

#Trump has openly mused about whether to remove #JeromePowell before his tenure as chair ends, but he's held off on dismissing the #Fed chair after a recent #SCOTUS ruling suggested he could only do so for cause rather than out of policy disagreements. Trump has put pressure on Powell by claiming he mismanaged the Fed's $2.5 billion renovation project [& exaggerating its cost], but he's also said that he's "highly unlikely" to fire Powell.

The news that #Trump plans to make a decision on the #Fed chair "soon" comes as the Republican president has been highly critical of current chair #JeromePowell, whose term ends in May 2026. Trump recently floated having the Fed's board of governors take full control of the US central bank from Powell, whom he has relentlessly pressured to cut short-term interest rates in ways that raise questions about whether the Fed can remain free from White House politicking.

"I think Kevin & Kevin, both Kevins, are very good," #Trump said during an interview on CNBC's "Squawk Box."

He said 2 other people were also under consideration, but Treasury Secretary Scott Bessent is not among them.

"I love Scott, but he wants to stay where he is," Trump said. He did not name his other 2 top candidates but used the opportunity to disparage #JeromePowell, whom he has dubbed "too late" in cutting interest rates.