Current Situation: Jerome Powell remains the Chair of the Federal Reserve, a position he's held since February 2018 and currently up for renewal through May 2026 (Wikipedia).
No new Fed Chair has been appointed. President Trump is actively considering replacements, but has not made a final selection (Politico, The Times of India, Cinco Días, Investopedia).
Recent Developments: A vacancy opened on the Fed’s Board when Governor Adriana Kugler resigned, effective August 8, 2025 (Reuters).
In response, President Trump nominated Stephen Miran, Chair of the Council of Economic Advisers, to temporarily fill that seat—not as Chair, but as a Governor with term ending January 31, 2026 (Reuters, Business Insider, Politico, Wikipedia).
At the same time, Trump ruled out Treasury Secretary Scott Bessent from consideration as future Fed Chair and named Kevin Hassett and Kevin Warsh as key contenders, with Christopher Waller also emerging as a possible candidate (Politico, The Times of India, Cinco Días).
💼📈 Crypto in Your 401(k)? The Future of Retirement Investing! 🚀
The world of finance is evolving — and so is retirement planning.
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