Trump’s Fed Chair Pick Is Caught in an Unprecedented Standoff

President Donald Trump threatened to fire Federal Reserve Bank Chair Jerome Powell if he stays on the board after his leadership term expires next month — but also championed the federal investigation that could sideline his own pick for the job.

President Donald Trump joins FOX Business' Maria Bartiromo to discuss the AI race with China, Iran tensions, NATO clashes, and his push to overhaul the Fed while touting a strong U.S. economy and global strength.

Former Federal Reserve Governor Kevin Warsh, who is President Donald Trump’s pick for the next Fed chair, is set to testify next week before the Senate Banking Committee.

President Donald Trump renewed pressure Wednesday on Federal Reserve Chair Jerome Powell, with the US leader threatening to fire the central bank chief if he stays beyond his mandate.

Senate Banking Committee Chair Tim Scott said Tuesday that his panel will hold a hearing next week to consider President Donald Trump’s nominee for Federal Reserve chief, Kevin Warsh, and predicted that the Senate will confirm Warsh “in the next several weeks.