Donald Trump faces a major decision in the coming months when he chooses the next chairman of the Federal Reserve (Fed), once Jerome Powell, who was reappointed as chairman of the board by President Joe Biden, leaves office on January 15 May.

Although in theory the Fed is a decentralized body, Trump has tested its independence, and Tuesday was no exception when he stated that anyone who disagrees with him on monetary policy “will never be chairman” of the Federal Reserve.

The comment comes amid the Republican's deliberations on who will be his candidate to be the next chairman of the central bank to replace Powell.

On his social media account, Truth Social, he highlighted the positive third-quarter GDP growth figures released today and lamented that Wall Street did not react with euphoria to the numbers, something he attributes to Powell's current monetary policy.

At an annualized rate, the world's largest economy expanded by 4.3%, according to data published Tuesday by the Bureau of Economic Analysis (BEA), a level above analysts' forecasts and the highest since the third quarter of 2023.

“Today in “Every day, when there’s good news, the market falls because everyone thinks interest rates will immediately rise to control the ‘potential’ inflation. This means that, in essence, we can never again have a market as buoyant as those of the era when our nation was being built and achieving greatness,” the Republican asserts. Trump maintains that “robust markets, even exceptional markets, do not cause inflation; stupidity does!” “I want my new Federal Reserve Chairman to lower interest rates if the markets are doing well, and not destroy them for no reason,” the real estate mogul elaborates, adding that “inflation will control itself, and if it doesn’t, we can always raise rates at the appropriate time.”In the coming weeks, Trump is expected to announce his nominee to replace Jerome Powell as head of the Fed, with whom the president has expressed strong disagreements. Recently, the real estate mogul said he is considering his current economic advisor, Kevin Hassett, and former Fed Governor Kevin Warsh to lead the central bank starting in May.

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