US EditionTrump to Start Final Fed Chair Interviews Beginning with Kevin Warsh
Final Fed Chair interviews start with Kevin Warsh as Trump and Treasury Secretary Scott Bessent seek a successor to Jerome Powell, whose term ends in May 2026.
- Beginning Wednesday, interviews will start with former Fed governor Kevin Warsh, as President Donald Trump and Treasury Secretary Scott Bessent restart the process canceled last week.
- Jerome Powell's expiring term and imminent Fed moves make the selection consequential as his term ends in May and the Fed will likely lower rates for a third time this year on Wednesday.
- The narrowed pool includes Fed Governors Christopher Waller, Michelle Bowman, BlackRock fixed income chief Rick Rieder, and Kevin Hassett, who faces recent pushback from fixed-income investors.
- President Donald Trump will litmus test candidates for rate cuts, while a hawkish tone from Jerome Powell on Wednesday could heighten policy tensions.
- The Fed's September forecast projects limited easing next year with just one cut, while Jerome Powell's term ending in May makes the incoming Fed chair's choice consequential.
15 Articles
15 Articles
According to Financial Times sources, the leading candidate is still White House economic advisor Kevin Hassett.
Donald Trump is launching the interviews this week to designate Jerome Powell's successor as head of the Fed. A crucial decision that could change everything: interest rates, financial markets and even the price of Bitcoin. Who will be chosen and what impacts for crypto? The Trump article launches the hearings for the Fed: Who will succeed Powell? appeared first on Cointribune.
Donald Trump will soon launch a final round of interviews to elect the president of the Federal Reserve, pitting White House economic adviser Kevin Hassett against a trio of other candidates to replace Jay Powell. U.S. President and Treasury Secretary Scott Bessent are scheduled to meet Wednesday with former Fed Governor Kevin Warsh, according to three senior administration officials.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
