US EditionTrump Nears Decision on Federal Reserve Chair with Senate Confirmation Ahead
Trump is finalizing his choice from five finalists to lead the Federal Reserve, aiming for faster rate cuts; Senate confirmation is expected in early 2026, officials said.
- On Sunday, US President Donald Trump said he has decided on his pick for Federal Reserve chair, while US Treasury Secretary Scott Bessent has finished vetting five finalists and the White House could announce before Dec. 25.
- President Trump has repeatedly criticised Jerome Powell for the pace of rate cuts, while the White House says it will choose on merit though advisers stress alignment with Trump's priorities.
- Kevin Hassett, National Economic Council Director, is the leading contender and has said he'd accept the role, while markets briefly pushed the 10-year Treasury yield below 4% after his frontrunner reports.
- With the December FOMC meeting on December 9, markets are watching the White House selection closely, as the nominee must undergo Senate confirmation early in 2026 and could start a 14-year Fed term on February 1, 2026.
- Given split views inside the central bank, the appointment could redefine U.S. monetary policy direction for years, as Fed officials manage inflation not fully stabilised and uneven growth, and Powell's term as chair ends in May 2026, creating a potential additional Board vacancy.
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20 Articles
All roads point to the same name: Kevin Hasset. U.S. President Donald Trump says he has already decided who will replace the current president of the Federal Reserve (Fed), Jerome Powell, whose term ends in May. Trump has been running a harassment campaign against Powell for months which he considers lukewarm in his monetary policy decisions for not lowering interest rates more aggressively. He has come to insult him and ask for his dismissal, a…
Donald Trump has already chosen a new Fed boss. According to insiders, it is already clear who it is. But who is this man? So he will actually get the job.
kreiszeitung.de
The US president wants a new head for the US Federal Reserve Fed – but who gets the powerful post? Trump has now made his own choice.
Who will replace Jerome Powell as US Fed Chair as Trump nears his final choice?
With Jerome Powell’s term concluding in May 2026 and an additional 14-year Board seat opening in February, the White House is finalising its choice from five candidates: Kevin Hassett, Christopher Waller, Kevin Warsh, Michelle Bowman, and Rick Rieder. Treasury Secretary Scott Bessent is leading the vetting, and an announcement is expected before Christmas
Next Fed Chair: US President Donald Trump Says He Has Made His Choice To Lead the Federal Reserve and Will Announce It ‘Soon’ | 🌎 LatestLY
US President Donald Trump said on Sunday, November 30, that he has finalised his choice for the next Federal Reserve chair, after repeatedly signalling that he expects the new appointee to deliver interest-rate cuts. The move comes after Donald Trump long criticised current Fed chief Jerome Powell for not lowering rates quickly enough. 🌎 Next Fed Chair: US President Donald Trump Says He Has Made His Choice To Lead the Federal Reserve and Will A…
The Detroit News
MoneycontrolTrump says he has made his choice to lead the Federal Reserve
President Donald Trump said Sunday he has decided on his pick for the next Federal Reserve chair after making clear he expects his nominee to deliver interest-rate cuts.
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