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Trump Poised to Announce New Fed Chair Before Christmas

11/25/2025

Summary

Story summary

U.S. Treasury Secretary Scott Bessent announced that U.S. President Donald Trump is likely to reveal his choice for the next Federal Reserve chair before Christmas 2025.
The frontrunner is White House economic adviser Kevin Hassett, who advocates lower interest rates and opposes Jerome Powell.
Powell's term ends in May 2025, with Trump hinting at a limited slate including Hassett and Federal Reserve Governors Christopher Waller and Michelle Bowman.

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Story summary

U.S. Treasury Secretary Scott Bessent announced that U.S. President Donald Trump is likely to reveal his choice for the next Federal Reserve chair before Christmas 2025.
The frontrunner is White House economic adviser Kevin Hassett, who advocates lower interest rates and opposes Jerome Powell.
Powell's term ends in May 2025, with Trump hinting at a limited slate including Hassett and Federal Reserve Governors Christopher Waller and Michelle Bowman.