Trump Shakes Up the Fed: Who's Next in Line?
Donald Trump has officially dropped Treasury Secretary Scott Bessent from the shortlist to replace Jerome Powell as Fed Chair. Bessent reportedly declined the role, preferring to remain focused on Treasury duties.
Current Watchlist:
• Kevin Warsh – Former Fed insider with deep central banking experience
• Kevin Hassett – Ex-White House economist known for his policy expertise
• Two undisclosed contenders still remain under consideration
Trump’s frustration with Powell is well documented, especially over delayed rate cuts. With Powell's term ending in May 2026, a shift in leadership is looming.
Meanwhile, Bessent will now focus on high-stakes U.S.-China trade talks ahead of the August 12 tariff wave.
Markets are on edge. The Fed chessboard is in motion, and the next move could redefine monetary policy.
