President Donald Trump is poised to sack the chair of the Federal Reserve, Jerome Powell.
After receiving a positive response to the idea in a room full of Republican lawmakers, the US President is prepared to sack Powell.
Speaking at the White House, Trump called Powell a "knucklehead" when asked by interviewers about the chair of the Federal Reserve.
The US President said that "we have a lot of people who want that job" adding that someone they would consider would be Kevin Hassett.
Pool
|Trump called Powell a 'knucklehead' and said there are a lot of people who would like his job
Hassett is an American economist and has been the director of the National Economic Council since 2025.
The speculation surrounding the decision has taken a hit on the US economy, which saw the dollar weaken against the euro today.