#WhoIsNextFedChair
Jerome Powell (the current boss of the US central bank, the Federal Reserve) finishes his job as chair in May 2026. President Trump has interviewed people and is very close to picking the new one. He says he'll announce it soon ā maybe even today or this weekend.
The top names people are guessing:
Kevin Warsh (a former Fed guy) - He's the favorite right now on betting sites (around 45-60% chance). People think he'll want lower interest rates (cheaper borrowing).
Rick Rieder (big boss at BlackRock for bonds) - His chances jumped a lot lately (up to ~30%). He's also seen as wanting rate cuts.
Others like Christopher Waller (current Fed member) or Kevin Hassett (Trump's economic advisor) are still in the mix, but less likely now.
Trump wants someone who'll cut rates faster and work better with his team. This pick could change how the US economy runs ā like mortgage rates, jobs, and stock prices.
Who do you think Trump will choose? Warsh? Rieder? Someone else? šŗšø