Trump may soon name a successor to Fed Chair Jerome Powell

Trump may soon name a successor to Fed Chair Jerome Powell,signaling an early shift in U.S. monetary leadership.

⚫️Trump mentioned 3-4 possible candidates and criticized Powell’s leadership
⚫️Naming a successor early could weaken Powell’s influence and shape market expectations
⚫️Powell’s term ends May 15, 2026, but an announcement may come as early as this summer

Potential candidates:

⚫️Kevin Warsh (former Fed governor; advocate of looser monetary policy)
⚫️Kevin Hassett (NEC director; close to Trump and his former economic advisor)
⚫️Scott Bessent (current U.S. Treasury Secretary; possibly already a “shadow” candidate)
⚫️Others: David Malpass (former World Bank president) and Christopher Waller (current Fed governor)