Trump’s renewed attacks on Fed Chair Powell have raised speculation about an early removal, though experts say he lacks the authority to fire Powell over policy differences. Kevin Warsh has emerged as the top contender to replace Powell, according to CNN. Warsh is a former Fed governor and economic adviser with close ties to Wall Street and conservative think tanks. He served under President George W. Bush during the 2008 financial crisis, advised Trump’s transition team, and recently criticized the Fed for enabling high inflation. Treasury Secretary Scott Bessent confirmed interviews for Powell’s successor would begin in the fall.
