#NextFedChairCandidate Chairman of the Federal Reserve, while President Trump considers a succession before Jerome Powell's term ends in May 2026.

Trump could announce a replacement as early as the summer or fall of 2025—almost a year before Powell's term expires—to influence market expectations.

The candidate must be confirmed by the Senate, and the resignation of the Federal Reserve Chairman without cause is legally restricted, so Powell is likely to serve his full term unless major events occur.