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Trump Eyes Four Candidates for Fed Chair Amid Tensions

8/5/2025

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Summary

Story summary

President Trump is honing in on four candidates for the next Federal Reserve Chair, leaving Treasury Secretary Scott Bessent out of the running as he opts to stay put. Among the contenders are former Fed governor Kevin Warsh and economist Kevin Hassett, both advocates for lower interest rates, as tensions with current Chair Jerome Powell simmer.

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Story summary

President Trump is honing in on four candidates for the next Federal Reserve Chair, leaving Treasury Secretary Scott Bessent out of the running as he opts to stay put. Among the contenders are former Fed governor Kevin Warsh and economist Kevin Hassett, both advocates for lower interest rates, as tensions with current Chair Jerome Powell simmer.