#USFedNewChair Here’s the latest on the U.S. Federal Reserve’s leadership as of August 8, 2025:

Current Fed Chair

Jerome H. Powell remains the Chair of the Federal Reserve, having assumed the role on February 5, 2018, and confirmed for a second four-year term, which runs through May 15, 2026 .

Political Moves & Speculation

President Trump has publicly criticized Powell’s reluctance to lower interest rates, labeled him “stubborn,” and has openly encouraged the Fed Board to step in .

Trump has ruled out Treasury Secretary Scott Bessent as a replacement but has identified other potential contenders like Kevin Hassett and KevinWarsh .

Governor Christopher Waller, a known dissenting voice favoring rate cuts, is considered a leading candidate to succeed Powell .

Recent commentary notes that Stephen Miran has been nominated to fill a temporary vacancy on the Fed’s Board, though this role does not impact the Chair position directly .