From Bloomberg Markets and Finance.

President Donald Trump said he has three or four people in mind to succeed Federal Reserve Chair Jerome Powell when his term expires next year. “I know within three or four people,” Trump said Wednesday during a press conference at The Hague, where he is attending the NATO summit. “I mean he goes out pretty soon, fortunately, because I think he’s terrible.” Trump did not name his potential replacements for the central banker nor did he lay out a timeline for a decision. Powell’s term as chair ends in May 2026. In Brussels, EU leaders are meeting to discuss fresh sanctions on Russia, US tariffs and their response to the Middle East conflicts. The summit comes a day after NATO members agreed to raise their spending levels to 5% of GDP. Spanish Prime Minister Pedro Sanchez, however, has refused to meet the new target, saying the country can raise its expenditure to 2.1%, “nothing more, nothing less.” Trump assailed Spain and suggested the country could be penalized by facing tariffs twice as high from the US.

Today’s guests: Beata Manthey, Citi European Equity Strategy Head, Carl Bildt, European Council for Foreign Relations Co-Chair & former Swedish Prime Minister, George Arison, Grindr CEO, Chuka Umunna, JPMorgan Global Head of Sustainable Solutions & EMEA Head of Green Economy Investment Banking.

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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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