As of August 8, 2025, Jerome Powell is still the Chair of the U.S. Federal Reserve — but maybe not for long. His term ends in May 2026, and things are heating up 🔥.
🧠 What’s Happening?
Powell has been Fed Chair since 2018, and started his second term in 2022.
But now, with Governor Adriana Kugler resigning early and rising tensions between Powell and the White House…
President Trump is expected to name a new Fed Chair very soon ⏳.
🏛️ Who Could Replace Him?
Some big names being considered:
Christopher Waller
Kevin Hassett
Kevin Warsh
Meanwhile, Treasury Secretary Scott Bessent has said no to the role.
📉 Why It Matters to You
A new Fed Chair = big impact on:
Interest Rates
Inflation
Markets
Trump’s team wants lower interest rates, so if a new chair agrees, it could shake up monetary policy — and move the markets 📊.
Stay tuned — this could mean major shifts for crypto, stocks, and the economy.