🏦 Who’s Likely to Be the Next Fed Chair?
The race to replace Jerome Powell—whose term expires in May 2026—is entering its final stretch. President Donald Trump is expected to announce his choice as early as next week, with the nomination process having been narrowed to four finalists.
Leading Contenders
Kevin Hassett – A top economic adviser to Trump and head of the National Economic Council, widely viewed as the current frontrunner. His approach is expected to favor lower interest rates, which markets see as supportive of growth and risk assets.
Kevin Warsh – Former Fed governor and experienced central banker, considered highly credible by some market voices.
Christopher Waller & Rick Rieder – Other finalists with deep policy experience; Waller is seen as a more traditional central banker.
🔍 Market & Political Context
A Reuters poll shows the Fed may hold interest rates steady through March 2026, but new leadership could change expectations.
The process has become politically charged: the U.S. Supreme Court is reviewing an attempt to remove Fed Governor Lisa Cook, highlighting tensions over Fed independence.
