President Donald Trump has publicly stated his intention to replace Federal Reserve Chair Jerome Powell and has named Kevin Warsh as a likely successor. Trump expressed dissatisfaction with the current direction of interest rates and emphasized the need for action. He criticized Powell’s slow pace, arguing that a 1-point rate cut is necessary and believes it would benefit the country in the long term. Trump also highlighted potential inconsistencies between the US Fed’s approach compared to other countries such as the European Central Bank, which recently made significant rate cuts. The conversation comes amidst a strong labor market report showing continued job growth, yet Trump insists on a decisive action for lowering rates.