Trump Maintains Fed Chair Powell Amid Justice Probe and Considers Successors

US President Donald Trump stated he has no immediate plans to remove Federal Reserve Chair Jerome Powell despite a Justice Department criminal investigation into cost overruns on the Fed's headquarters renovation. Powell's term ends in May, but he can remain on the Board until 2028. Trump is considering successors and plans to announce a nomination soon. The probe has raised bipartisan concerns about central bank independence, with officials like Neel Kashkari warning against political pressure on monetary policy.