For the past year, the President has aggressively attacked Fed Chair Jerome Powell, whose term as the head of the US central bank ends in May. “I'll be announcing the Fed chair tomorrow morning,” Mr. Trump told reporters on Thursday (January 29) night as he went into the screening of the documentary “Melania” about his wife. Mr. Trump, in the past, suggested that <Mr. If Mr. Powell stays on the board, he could also create a small procedural hurdle for Mr. Trump's ability to nominate someone new to the board. “Don't get pulled into elected politics — don't do it,” Mr. Powell said.