Story perspectives

Trump to Nominate Next Fed Chair Amid Controversy

1/20/2026

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Summary

Story summary

Treasury Secretary Scott Bessent said U.S. President Donald Trump will nominate the next Federal Reserve chair next week.
Bessent named final candidates: Rick Rieder, Kevin Hassett, Christopher Waller, and Kevin Warsh.
Trump has indicated a preference to keep Hassett in his current role, complicating the selection.
A subpoena related to Powell's congressional testimony raises concerns, and Senator Thom Tillis threatens to block any nomination until resolved.

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Story summary

Treasury Secretary Scott Bessent said U.S. President Donald Trump will nominate the next Federal Reserve chair next week.
Bessent named final candidates: Rick Rieder, Kevin Hassett, Christopher Waller, and Kevin Warsh.
Trump has indicated a preference to keep Hassett in his current role, complicating the selection.
A subpoena related to Powell's congressional testimony raises concerns, and Senator Thom Tillis threatens to block any nomination until resolved.