BREAKING NEWS 🔥🚨
Update on the new chair of the Federal Reserve of the United States
As of August 8, 2025, Jerome Powell remains the chair of the Federal Reserve of the United States, with his term expiring in May 2026. However, there are events that may indicate potential changes in leadership soon.
- *Current Situation*: Jerome Powell has been chair of the Fed since February 2018 and was confirmed for a second term starting in May 2022.
- *Upcoming Appointment*: President Donald Trump is set to announce his candidate for the chair of the Federal Reserve in the coming days, following the premature resignation of Governor Adriana Kugler and tensions with current chair Jerome Powell.
- *Potential Candidates*: After Treasury Secretary Scott Bessenet declined the appointment, Trump narrowed the list of potential candidates. Names being considered include Christopher Waller, Kevin Hassett, and Kevin Warsh.
Consequences of the new Fed chair
The change in leadership at the Fed may influence the monetary policy of the United States, especially regarding interest rates and inflation management. The Trump administration insists on lowering interest rates, which may affect the direction of monetary policy under the new chair.
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