Story perspectives

Trump to Decide Fed Chair: Five Finalists Revealed

10/29/2025

Center

Bessent Finalizes Fed Candidates

Treasury Secretary Scott Bessent confirmed five finalists to replace Federal Reserve Chair Jerome Powell, with President Donald Trump expected to announce a decision by year-end.
The candidates are Fed Governors Christopher Waller and Michelle Bowman, former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and BlackRock executive Rick Rieder.
Bessent plans further interviews before presenting a final slate after Thanksgiving.
The Federal Open Market Committee is expected to lower interest rates by 25 basis points due to inflation and hiring slowdown concerns.

Left

Trump Pressures Fed

U.S. President Donald Trump intensifies pressure on Federal Reserve Chair Jerome Powell as a monthlong government shutdown hampers data collection.
The Fed is expected to cut interest rates, but inflation remains around 3% and unemployment has risen to 4.3%.
Trump’s attempts to fire Fed governor Lisa Cook over alleged mortgage fraud intensify the situation.
Analysts note the environment is marked by unprecedented scrutiny and hostility toward the Fed's independence.

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Bessent Finalizes Fed Candidates

Treasury Secretary Scott Bessent confirmed five finalists to replace Federal Reserve Chair Jerome Powell, with President Donald Trump expected to announce a decision by year-end.
The candidates are Fed Governors Christopher Waller and Michelle Bowman, former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and BlackRock executive Rick Rieder.
Bessent plans further interviews before presenting a final slate after Thanksgiving.
The Federal Open Market Committee is expected to lower interest rates by 25 basis points due to inflation and hiring slowdown concerns.

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