U.S. President Donald Trump said on Tuesday that he will likely announce his pick for the next Federal Reserve chair early next year, ahead of the expiry of current Chair Jerome Powell’s term in May 2026.
“We’ll be announcing somebody, probably early next year, for the new chairman of the Fed,” Trump said during a Cabinet meeting at the White House, without giving further details.
Treasury Secretary Scott Bessent, in charge of the selection process, had previously indicated the decision could be made public before Christmas.
Trump said he already knew who he would nominate and has been considering around 10 potential candidates, narrowing the choice to one.
Trump has long criticised Powell as “too hesitant” in seeking interest rate cuts and suggested his successor would act more decisively to reduce rates. Powell could remain on the Fed board for two more years as a governor after his term as chair ends.
Potential candidates reportedly include White House National Economic Council Director Kevin Hassett, Fed Vice Chair for Oversight Michelle Bowman, Fed Board Member Christopher Waller, former Fed Board Member Kevin Warsh, and BlackRock executive Rick Rieder.
Separately, Trump said the U.S. will see “the largest tax refund season ever” next year, with refunds to be paid from tariff revenues.
He suggested that, in the future, Americans might even pay no income tax, citing the substantial revenue generated under his administration.
This is the second of three articles examining Georgia’s growing crisis over access to treatment for Duchenn...
The U.S. imposed fresh Iran sanctions as President Donald Trump called Tehran’s peace response a “stupid proposal” and warned the...
The hantavirus-hit MV Hondius has departed Tenerife bound for the Netherlands after the final six passengers and some crew left the ship. In Spain,...
Travellers worried about costs and flights by the ongoing conflict in the Middle East are changing their summer holid...
Start your day informed with the AnewZ Morning Brief. Here are the top storie...
This is the second of three articles examining Georgia’s growing crisis over access to treatment for Duchenne muscular dystrophy (DMD), a fatal genetic disease affecting around 100 children in the country.
The U.S. imposed fresh Iran sanctions as President Donald Trump called Tehran’s peace response a “stupid proposal” and warned the ceasefire was on “massive life support”. Meanwhile, the Wall Streeet Journal reported the United Arab Emirates carried out covert strikes on Iran in April.
The hantavirus-hit MV Hondius has departed Tenerife bound for the Netherlands after the final six passengers and some crew left the ship. In Spain, one passenger in Madrid has tested positive, while 13 others in quarantine tested negative, the Health Ministry said.
Travellers worried about costs and flights by the ongoing conflict in the Middle East are changing their summer holiday plans, with lastminute bookings, safer destinations such as Spain, and rail travel all growing in popularity.
Australia confirmed it will repatriate citizens from the MV Hondius cruise ship hit by a deadly hantavirus outbreak, with quarantine on arrival. Spain, France are evacuating nationals as three deaths are confirmed. In the U.S., two passengers have been isolated after testing positive for the virus.
U.S. President Donald Trump on Monday dismissed Iran’s response to a U.S. peace proposal as a “stupid proposal,” saying Tehran failed to commit to abandoning its pursuit of a nuclear weapon, while warning the fragile ceasefire was on “massive life support”.
The U.S. imposed fresh Iran sanctions as President Donald Trump called Tehran’s peace response a “stupid proposal” and warned the ceasefire was on “massive life support”. Meanwhile, the Wall Streeet Journal reported the United Arab Emirates carried out covert strikes on Iran in April.
Metropolitan Shio of Senaki and Chkhorotsku has been elected the 142nd head of the Georgian Orthodox Church at a meeting of clergy in Tbilisi following the death of longtime Patriarch Ilia II.
Afghanistan has signed a five-year gold mining contract with Afghan and Azerbaijani companies in a deal worth more than $20m, the Ministry of Mines and Petroleum has said.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 12th of May, covering the latest developments you need to know.
Israel’s parliament, the Knesset, has passed a law establishing a special military tribunal to try hundreds of Palestinian's accused of taking part in the 7 October 2023 attack on Israel, in a move lawmakers say is aimed at addressing national trauma.
Brazilian activist Thiago Avila returned to Brazil late Monday (11 May) after being deported from Israel. He alleges he was tortured and mistreated during 10 days in detention following the interception of a pro-Palestinian aid flotilla attempting to reach Gaza.
Indian Prime Minister Narendra Modi will visit five countries, including the United Arab Emirates and several European states, from 15–20 May, as rising oil prices driven by the Middle East conflict puts pressure on India’s foreign reserves, the Foreign Ministry said.
After years of limited engagement, relations between Syria and the European Union are drawing renewed diplomatic attention as both sides explore cooperation on migration, security and regional stability..
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