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Next Federal Reserve Chair: Who’s in the Running?
With Jerome Powell’s term as Federal Reserve Chair ending in May 2026, President Trump is eyeing potential successors. Top candidates include Kevin Warsh, a hawkish former Fed governor; Treasury Secretary Scott Bessent, a Trump ally; and Fed Governor Christopher Waller, a current board member. Warsh favors tighter policy, Bessent brings fiscal expertise, and Waller supports balanced rate adjustments. Legal constraints limit choices to sitting governors unless a vacancy arises. Trump’s decision, expected soon, could impact markets and the Fed’s independence.