<h2 class="topline-heading">Topline</h2><p>President Donald Trump said Wednesday he’s narrowed the search for a new Federal Reserve chair to “three or four” candidates, contradicting a report earlier Wednesday that Trump was eyeing up to 11 potential successors for Federal Reserve Chair Jerome Powell. </p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/689cc8ea779cb7d98427e304/President-Trump-Makes-An-Announcement-At-The-Kennedy-Center/960x0.jpg?fit=scale" alt="President Trump Makes An Announcement At The Kennedy Center" width="100%" height="auto"></div><div style="--article-bg-color:#faf3f1"><div class="bMqrj"><div class="Jp--BF7-"><span style="-webkit-line-clamp:2" class="Ccg9Ib-7 _8XF2kHYM">President Donald Trump speaks during an event at the Kennedy Center on August 13, 2025 in Washington, DC. (Photo by Kevin Dietsch/Getty Images)</span></div><small class="pGGCM2aD">Getty Images</small></div></div></figure>

<div class="key-facts-element"><p>Trump also said Wednesday he would name a replacement for Powell, who he criticizes incessantly for not lowering interest rates, “a little bit earlier,” as Powell’s term expires in May. </p></div>

<em>This is a developing story and will be updated.</em>

Trump’s statement contradicts a report earlier Wednesday that Trump is eyeing up to 11 candidates to succeed Powell. {ai:summary}<p>Trump says the Fed chair search is narrowed to three or four candidates, countering a report he weighed up to 11.</p><p>He also said he’ll name Powell’s replacement a little earlier, as Powell’s term ends in May.

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Trump Says He’ll Name New Fed Chair ‘A Little Bit Earlier’

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