#USFedNewChair

Here is the latest on the leadership of the U.S. Federal Reserve as of August 8, 2025:

Current Fed Chair

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

Political Moves & Speculation

President Trump has publicly criticized Powell's reluctance to lower interest rates, calling him "soft" and openly urging the Fed Board to intervene.

Trump has rejected Treasury Secretary Scott Bessent as a replacement but has identified other potential contenders such as Kevin Hassett and Kevin Warsh.

Governor Christopher Waller, a known voice supporting interest rate cuts, is considered a leading candidate to replace Powell.

Recent comments note that Stephen Miran has been declared a candidate to fill a temporary vacancy on the Fed Board, although this role does not directly impact the Chair position.

Summary Table

PositionCurrent HolderEnd DateImportant DevelopmentsFed ChairJerome H. PowellMay 15, 2026Criticized by Trump; likely to remain until term endsFed Governor (temporary)Stephen Miran (candidate)January 31, 2026His appointment could change Fed dynamics, but not the chair roleChair Replacement CandidatesChristopher Waller et al.N/ACurrently being proposed as potential next Chair

Conclusion

As of today, Jerome Powell is still the Fed Chair, with his term lasting until May 2026. Despite ongoing pressure and speculation about who might replace him, there has been no change in the chair position so far.

Let me know if you want to delve further into any of these replacement candidates or their implications for U.S. monetary policy!