Trump: Considering Three to Four Candidates for Next Fed Chair

According to Jinse Finance, Trump called Federal Reserve Chairman Powell "absolutely terrible" and stated that he is aware of three or four contenders for the next Fed chair. When asked whether he is interviewing candidates to replace Powell, Trump told reporters, "I know who I would choose among three or four people." Reportedly, the main contenders include former Fed Governor Kevin Warsh, National Economic Council Director Hassett, current Fed Governor Waller, and Treasury Secretary Bessant. Trump has repeatedly criticized Powell for not cutting interest rates and has floated the idea of firing him or appointing a successor as soon as possible, though he often walks back these threats. Some analysts believe this is an attempt by Trump to influence monetary policy through a "shadow Fed chair" before Powell's term ends in May 2026.