President Donald Trump is set to replace Federal Reserve Chairman Jerome Powell next year. Here is what some of his potential picks said recently about interest rates and monetary policy .

Powell has rankled Trump and his allies for months for overseeing a Fed that has thus far refused to cut interest rates due to fears of another uptick in inflation. Powell indicated on Friday at his annual address in Jackson Hole, Wyoming, that a rate cut is coming, but Trump wants much more aggressive action.

It should be noted that the Fed chair's influence over monetary policy is not absolute. Decisions about interest rates are instead up to a 12-person board called the Federal Open Market Committee. It decides collectively what the course of monetary policy should be.

But whoever Trump

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