Who Will Lead the Fed? Trump's Search for Powell's Successor

The Federal Reserve is at a crossroads. Not only is it grappling with the complex task of deciding interest rates, but it's also facing a leadership change. Jerome Powell's term as chair is ending in May, and President Trump is on the hunt for a replacement. Trump has been vocal about his desire for lower interest rates. He's made it clear that he wants someone who will push through his agenda. Kevin A. Hassett, a long-time Trump loyalist and current director of the White House’s National Economic Council, seems to be the top pick. But the process isn't set in stone yet. Other candidates are still in the running. Kevin M. Warsh, a former Fed governor, Christopher J. Waller, a sitting governor, and Rick Rieder from BlackRock are also being considered. Final interviews with these candidates are set to begin soon. The search for Powell's replacement adds another layer of complexity to the Fed's decision-making process. With Trump's influence and the upcoming leadership change, the future of the Fed is uncertain. The question remains: who will step up to lead the central bank into a new era?