#NextFedChairCandidate 🧭 Leading Contenders

1. Kevin Warsh

Former Fed Governor (2006–2011), currently a Hoover Institution fellow.

Trump “very highly thought of” him as a successor .

2. Scott Bessent

Currently U.S. Treasury Secretary; ex-Soros Fund Management CIO with strong Wall‑Street credibility.

Recently emerged in Bloomberg reports as a top contender .

3. Christopher Waller

Sitting Fed Governor, dovish leaning, openly supportive of near-term rate cuts—aligning with Trump’s policy preferences .

4. Kevin Hassett

National Economic Council Director and Trump loyalist; heavily tied to the “shadow Fed chair” concept .

5. David Malpass

Former World Bank President; viewed as too politically influenced by some analysts .

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⏳ Timing & Political Context

Early nomination is likely: Trump might announce a successor as early as summer or fall 2025, well ahead of Powell's formal term expiry in May 2026 .

This “shadow chair” strategy is aimed at shaping rate expectations early—but it risks raising concerns about Fed independence and market stability .

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📊 Why It Matters

Monetary policy direction: All frontrunners lean toward faster, steeper rate cuts—directly addressing Trump’s criticism of Powell’s caution .

Market impact: The move could shake bond yields, currencies, and disconcert investors uneasy about politicizing the Fed .

Legal boundaries: Trump cannot legally fire Powell mid-term—any removal would need proof of misconduct. So an early transition would follow established norms$BTC

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