Story perspectives
Trump Weighs Candidates to Replace Fed Chair Powell
8/15/2025
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Story summary
- President Trump is considering candidates to succeed Jerome Powell as Federal Reserve Chair, including Rick Rieder and David Zervos.
- Treasury Secretary Scott Bessent is overseeing the selection process, targeting a nominee before Powell's term ends in May 2026.
- The new chair's policies may greatly influence U.S. monetary policy and global markets.
