Trump, new pressure on Powell. The WSJ: "He wants to announce his successor already in the summer"

MILAN – From criticism to insults, from insults to threats, from threats to the forcing of laws. Donald Trump 's offensive against Fed Chairman Jerome Powell does not seem to know any stopping points. The last step, the most drastic, that of making the replacement official before the end of the mandate, could now become reality. According to the Wall Street Journal, Trump is considering whether to bring forward the announcement of Powell's successor to September-October or even to the summer.

The Fed chairman's mandate expires in 11 months but Trump's intolerance for the policy adopted by Powell would have pushed the head of the White House to push for a forced one. Forced because the law does not provide for an early revocation of the mandate and never in American history has a Fed chairman been replaced before the expiration.

An announcement this summer or autumn would however anticipate the traditional three-four month transition period, but the designation, according to the economic-financial daily, could allow investors' expectations on the probable trend of rates to be influenced, in an attempt to orient monetary policy before the end of the

Among the candidates, the US president is reportedly considering former Fed governor Kevin Warsh and National Economic Council director Kevin Hassett. But also Treasury Secretary Scott Bessent, former World Bank president David Malpass and Christopher Waller.