The Federal Reserve Chair wields major influence over U.S. monetary policy—setting interest rate direction, guiding policy on inflation and employment, and overseeing financial stability.
Current Chair Jerome Powell’s term as Fed Chair runs through May 2026, so the upcoming nomination would replace him when that term ends.
Trump has narrowed his search and is evaluating several potential successors to Powell, including:
Kevin Hassett — Director of the National Economic Council and a leading contender.
Former Fed Governor Kevin Warsh — Another experienced candidate.
Fed Governor Christopher Waller — Seen as a possible choice by some observers.
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