President Donald Trump told reporters on Wednesday afternoon that he has narrowed down the list of potential successors to Federal Reserve Chairman Jerome Powell to "three or four" candidates and intends to announce his decision earlier than planned.

"I think I'll name it a little bit early – the new chairman," Trump told reporters while speaking at the Kennedy Center. "I'm down to three or four names – all good, all great. The problem is, you name them, and then they turn out to be not good."

Trump also slammed Powell, describing him as "truly incompetent" and arguing the current Fed chair has made it more difficult for Americans to obtain affordable mortgages.

"But the housing sector, people aren't able to get good mortgages," Trump said. "They're paying too much because of Je

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