President Donald Trump has set off a fresh round of worrying about his approach toward the Federal Reserve with his statement that his pick for the next Fed chair is “coming out very soon.”

President Donald Trump called Federal Reserve Chair Jerome Powell a “numbskull” for refusing the president’s requests that he drop interest rates. Trump, who has often clashed with Powell during his second term,

Trump pressures Fed Chair Powell for major rate cuts, citing savings, and signals possible replacement amid growing tensions.

Some polls suggest Trump's clashes with Elon Musk and aggressive response to immigration protests in Los Angeles have not weakened his standing.