NextFin news, David Rubenstein, co-Chairman of the Carlyle Group, publicly expressed his expectation on Tuesday, September 23, 2025, that Jerome Powell will step down as Chair of the Federal Reserve once his current term concludes.
Speaking in an interview broadcast by Bloomberg Television, Rubenstein indicated that he believes President Donald Trump has already made a decision regarding who will replace Powell as the Fed Chair.
Rubenstein further mentioned that Powell is unlikely to remain on the Federal Reserve Board as a member after his chairmanship ends, signaling a complete departure from the institution.
The Federal Reserve Chair's term is a critical position influencing U.S. monetary policy, and the anticipated change in leadership has drawn significant attention from financial markets and policymakers.
Rubenstein's comments come amid ongoing speculation about the future direction of the Federal Reserve and the administration's economic priorities.
The interview was published on Bloomberg Television's YouTube channel on the evening of Tuesday, September 23, 2025, providing timely insight into the potential transition at the Federal Reserve.
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