#NextFedChairCandidate

The next Federal Reserve Chair candidate is likely to be influenced by US President Donald Trump's preferences. Given the current landscape, here are some potential candidates¹ ² ³:

- *Internal Candidates:*

- *Kevin Warsh*: Former Fed Governor, known for criticizing the Fed's current direction and advocating for a "strategic reset" to repair public confidence. Warsh emphasizes the importance of central bank independence while also highlighting its limitations.

- *Chris Waller*: Current Fed Governor, who stresses the significance of maintaining the Fed's independence and making policy decisions without political influence. Waller notes that criticism comes with the job, and the focus should be on retaining non-political policy-making.

- *Michelle Bowman*: Current Fed Governor, potentially in consideration for the role, although less information is available on her stance compared to Warsh and Waller.

- *External Candidates:*

- *Scott Bessent*: Pro-Bitcoin advocate and current Treasury Secretary, rumored to be considered for the role. Bessent has overseen major financial policies, including the US Strategic Bitcoin Reserve initiative.

- *Kevin Hassett*: Former NEC Director, mentioned as a potential candidate due to his economic policy experience.

- *Arthur Laffer*: Economist, potentially in consideration for his views on economic policy and monetary management.

It's worth noting that Trump's allies have reportedly developed a plan for the Fed that would require the new Chair to consult with Trump before making policy decisions, which could impact the Fed's independence.⁴