#USFedNewChair US Federal Reserve New Chair Update
As of August 8, 2025, *Jerome Powell* remains the Chair of the U.S. Federal Reserve with his term expiring in May 2026. However, there's buzz about a potential change in leadership soon.
Current Developments
- President Donald Trump is expected to announce his nominee for Federal Reserve Chair in the coming days following Governor Adriana Kugler's resignation on August 8, 2025.
- Trump has been pushing for lower interest rates, which could influence monetary policy under a new chair ¹ ².
Potential Candidates
- With Treasury Secretary Scott Bessent declining the nomination, Trump's shortlist includes ² ¹:
- *Christopher Waller*
- *Kevin Hassett*
- *Kevin Warsh*
- Others like St. Louis Fed President *James Bullard* and former economic adviser *Marc Sumerlin* were considered.
Implications of a New Fed Chair
A change in Fed leadership could impact U.S. monetary policy regarding:
- *Interest Rates*: Trump's administration favors lower rates.
- *Inflation Management*: A new chair could shift policy direction.
