President Trump is nearing a decision on the next Federal Reserve chair, with one final interview remaining. Treasury Secretary Scott Bessent confirmed that BlackRock executive Rick Rieder is slated to meet with Trump soon. The selection comes at a critical time, with the Fed playing a central role in shaping interest rates and inflation—key factors affecting everyday costs like mortgages and car loans.
Trump’s shortlist includes four candidates:
Kevin Hassett, his top economic adviser and current director of the National Economic Council.
Kevin Warsh, a former Fed governor and outspoken critic of current Fed leadership.
Christopher Waller, a sitting Fed governor who has advocated for rate cuts while stressing the Fed’s independence.
Rick Rieder, Chief Investment Officer of Fixed Income at BlackRock.
The next Fed chair will assume one of the most powerful roles in U.S. economic policy, with current Chair Jerome Powell’s term ending in May 2026. An announcement is expected by the end of the month.
Major Points Highlighted:
✅ President Trump has one interview left before choosing the next Federal Reserve chair.
✅ The four finalists are Kevin Hassett, Kevin Warsh, Christopher Waller, and Rick Rieder.
✅ The Fed chair oversees interest rates and inflation control, directly impacting affordability for Americans.
✅ Trump’s pick will lead the world’s most influential central bank amid persistent cost-of-living pressures.
✅ A decision is expected by the end of the month.
