Trump Expected to Let Fed Chair Complete Term, Adviser Reports

President-elect Donald Trump is likely to allow Federal Reserve Chair Jerome Powell to complete his term, which ends in May 2026, despite past tensions and threats to remove him. Trump's economic team currently supports Powell's continuation as the Fed pursues interest rate cuts. Although Trump has criticized Powell and the Fed's transparency, he has not taken steps to replace him. Potential candidates for the role, should Trump change his mind, include Kevin Warsh and Kevin Hassett, though Gary Cohn is considered unlikely due to past disagreements with Trump.