Breaking U.S. Federal Reserve Update – August 8, 2025
•Current Chair: Jerome Powell remains at the helm, with his term expiring May 2026. Serving since 2018, Powell’s leadership is now under scrutiny amid policy tensions.
•White House Move: President Donald Trump is preparing to announce his nominee for Fed Chair in the coming days. This follows Governor Adriana Kugler’s early resignation and ongoing disagreements with Powell.
Candidate Shortlist: With Treasury Secretary
•Scott Bessent out, contenders include Christopher Waller, Kevin Hassett, and Kevin Warsh.
•Why It Matters: A leadership change could reshape U.S. monetary policy — Trump has been vocal about pushing for lower interest rates, which could shift inflation management, borrowing costs, and market sentiment.
