Trump claims he may send Mnuchin to become rooted in the Federal Reserve for the long term.

President Trump said that he might let Stephen Moore serve on the Federal Reserve Board for the long term. Trump stated that he will soon have the majority in the Federal Reserve, and fortunately, Powell's term as chairman will soon be over. He also said that Commerce Secretary Howard Lutnick and Treasury Secretary Scott Besent will be involved in selecting Lisa Cook's successor as Federal Reserve Board director.