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
🟠Also mentioned: former World Bank president David Malpass and current Fed governor Christopher Waller