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Trump preparing to install new Federal Reserve chair

Name: Trump preparing to install new Federal Reserve chair
Uploaded: 2025-12-10T14:03:00-0500
Duration: 3 min 3 s
Description: The Federal Reserve announced Wednesday it's cutting its benchmark interest rate by 0.25 percentage points. The move comes as President Trump prepares to install a replacement for Fed Chair Jerome Powell. CBS News White House reporter Olivia Rinaldi has more.

The Federal Reserve announced Wednesday it's cutting its benchmark interest rate by 0.25 percentage points. The move comes as President Trump prepares to install a replacement for Fed Chair Jerome Powell. CBS News White House reporter Olivia Rinaldi has more.